The Statutory Freeze, Required Once Notice of Certification of a Union

question 22

True/False

The statutory freeze, required once notice of certification of a union certification drive, ends with the union giving notice of bargaining to the employer.

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Definitions:

Disposal

Disposal refers to the act of selling, discarding, or removing an asset from a company's balance sheet, often due to obsolescence, excess, or replacement.

Long-Lived Asset

A long-lived asset is a tangible or intangible asset with a useful life of more than one year, used in the operating activities of a business, such as buildings, machinery, or patents.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net assets.

Fair Value

An estimate of the market value of an asset or liability, based on current prices in an active market.