Unions Exist Primarily Because

question 101

Multiple Choice

Unions exist primarily because

• A)managers always try to take advantage of workers, so workers need protection.
• B)managers may take actions to benefit other stakeholders at the expense of workers.
• C)union leaders force people to form and join unions.
• D)the law requires that all employees in certain industries be part of a union.

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Definitions:

Collection Efforts

Activities undertaken by a business or organization to pursue and receive payments owed by customers or clients.

Reversing Entries

Journal entries usually made at the beginning of an accounting period to reverse or cancel out adjusting entries from the end of the previous period.

Allowance Method

An accounting technique used to anticipate and adjust for potential future losses from uncollectible accounts receivable.

Uncollectible Accounts

Accounts receivable that are recognized as not being collectible, leading to a write-off as a bad debt expense.