Which of the Following Is False About Labor Relations in China

question 39

Multiple Choice

Which of the following is false about labor relations in China?

• A) Today there is little flexibility for employers when it comes to staffing as all workers have a right to appeal any termination.
• B) Traditionally,the relationship has been between workers and the government,not workers and individual enterprises.
• C) Rather than serving workers,trade unions were used in the past to keep an eye on and control workers.
• D) At one time,workers were assigned to state-owned enterprises and guaranteed lifetime employment.
• E) Although unions have been given the right to engage in collective bargaining,Chinese workers have little faith in the unions and see them only as social welfare agents.

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Definitions:

Aging Schedule

A report categorizing a company's accounts receivable according to the length of time an invoice has been outstanding, used to determine credit and collection policies.

Uncollectible Accounts Receivable

Money owed to a company that it does not expect to collect due to the debtor's inability to pay.

Bad Debt Expense

This represents the amount of receivables a company believes it can no longer collect, reflecting potential losses for accounts receivable or loans that are not expected to be fully paid.

Allowance

A reduction from the gross amount of an asset to recognize a reduction in its value.