"Mandatory" Bargaining Subjects

question 18

Multiple Choice

"Mandatory" bargaining subjects:

• A) Compose the bulk of the bargaining agenda during labor contract negotiations.
• B) Must be negotiated until agreement is reached if one party raises the issue.
• C) Do not have to be negotiated if one party raises the issue.
• D) Mandates that a federal mediator will resolve the differences between the parties if they can't reach agreement on one or more bargaining subjects.
• E) Mandates that a federal mediator must approve the agreement.

---

Definitions:

Revenue Recognition

A principle guiding how and when revenue is recognized in the accounting records, generally when earned and realizable.

Economic Substance

The underlying economic or commercial purpose of a transaction, which must exist for it to be recognized for tax or accounting purposes.

Legal Form

Refers to the legal structure or type of business entity, such as corporation, partnership, sole proprietorship, etc., which determines legal liabilities and taxation methods.

Revenue

The total amount of money received by a company for goods sold or services provided during a specific time period.