Transactions with the Owners of a Business or Transactions with Its

question 98

Multiple Choice

Transactions with the owners of a business or transactions with its creditors to borrow money or to repay the principal amounts of loans are called

• A)Operating activities
• B)Financing activities
• C)Investing activities
• D)Direct activities
• E)Indirect activities

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Definitions:

Union Security

Agreements or practices that ensure the financial and membership stability of labor unions, typically involving arrangements like union shops or agency shops in workplace policies.

Compulsory Membership

A requirement for individuals to join a particular organization or group, often seen in unions or professional associations.

Dues Checkoff

A process where an employer automatically deducts union dues from the workers' paychecks and transfers them to the union.

Grievance Procedure

A formalized process through which employees can report complaints or disputes to be investigated and resolved by the organization, often related to workplace policies or treatment.