Developing Likely Union Proposals, Lists of Demands, and a Contingency

question 25

Multiple Choice

Developing likely union proposals, lists of demands, and a contingency plan for operating in the event of a strike are part of which of the following?

• A) compulsory binding arbitration
• B) an employer's bargaining strategy
• C) a union's bargaining strategy
• D) good faith bargaining

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Definitions:

Obsolete Goods

Items that are no longer useful or saleable due to changes in technology, style, or customer preferences, often leading to inventory write-offs.

Original Cost

The initial cost of acquiring an asset or service, including all expenses related to the purchase.

Internal Control

Processes and procedures implemented by a company to safeguard its assets, enhance the reliability of its accounting records, promote efficient operations, and ensure compliance with laws and regulations.

Physical Count

A physical count involves manually counting the actual inventory to verify accuracy against inventory records, often used for audit purposes or to correct discrepancies.