A Portion of the Long-Term Liability Footnote to the 2011

question 78

Essay

A portion of the long-term liability footnote to the 2011 annual report of ACF Corporation follows:

The debentures were issued on January 1 of a previous year and pay interest each December 31. The debentures retired were scheduled to mature December 31, 2021. The retirement of the debentures occurred December 31, 2011. ACF paid the market value of the bonds which represented a yield rate of 8%.
Required:

Analyze the impact of management philosophies on labor practices.

Understand the relationship between the labor movement and broader social movements, including civil rights.

Evaluate the effects of governmental interventions and policies on labor unions.

Identify major labor unions and federations in the U.S. history.

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Definitions:

360-Degree Performance Appraisal

Combination of self, peer, supervisor, and subordinate performance evaluation.

Performance Tests

Tests that measure the ability of job applicants to perform specific components of the job for which they are to be hired.

Critical Incident Method

An appraisal technique focusing on the most significant events or behaviors of an employee that affected their performance.

Performance Management Program

A systematic approach to aligning employees’ work with organizational goals, assessing performance, and guiding development.