Generally,high Unemployment Reduces the Union's Cost of Disagreeing with Management

question 25

True/False

Generally,high unemployment reduces the union's cost of disagreeing with management because strikers could find it difficult to find employment at other firms.

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, primarily affecting the company's liquidity.

Dividends in Arrears

Unpaid dividends on preferred stock, which must be paid out before any dividends can be distributed to common stockholders.

Dividend Declaration

The action by a company's board of directors to set the amount and date of a dividend payment to shareholders.

Noncumulative

Pertaining to dividends or preferred stock where undeclared or unpaid dividends do not accumulate and are not owed in future periods.