Precautionary Motive Is a Reason for a Firm to Maintain

question 374

True/False

Precautionary motive is a reason for a firm to maintain liquidity.

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Definitions:

International Brotherhood of Teamsters

A labor union in the United States and Canada that represents a diverse membership of blue-collar and professional workers in various industries.

Samuel Gompers

A labor union leader who founded the American Federation of Labor (AFL) and was pivotal in advocating for workers' rights and labor reforms in the United States.

AFL

Short for American Federation of Labor, it is a national federation of labor unions in the United States, founded in 1886.

Exclusive Union Strategy

A labor union approach aiming to be the sole representative of all workers within a given company or industry, often seeking to secure better terms and conditions through collective bargaining.