The Clause Written into Collective Bargaining Agreements Which Seeks to Maintain

question 38

Multiple Choice

The clause written into collective bargaining agreements which seeks to maintain pay comparability and pay differentials within firms is called the:

• A) Ability to pay clause.
• B) Relevant contract clause.
• C) Re-opener clause.
• D) Nondiscrimination clause.
• E) Me-too clause.

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Definitions:

Selling Price

The price at which a product or service is offered to the consumer.

Markup

The amount added to the cost of goods to cover overhead and profit when setting the selling price.

Job-Order Costing

An accounting method that assigns costs to specific production units or jobs, useful for customized orders.

Direct Labor-Hours

Sum of the hours expended by employees directly participating in the manufacturing operations.