In Contract Negotiation the Union's Resistance Point on the Issue

question 70

Multiple Choice

In contract negotiation the union's resistance point on the issue of wages is:

• A) the maximum amount the union anticipates the employer is willing to pay
• B) the wage increase that the union will request at the beginning of negotiations
• C) the union's estimate of the amount the employer will offer
• D) the lowest wage increase that the union would agree to
• E) the wage increase that the union hopes to achieve

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Definitions:

Notes Payable

Financial obligations represented by written promises to pay specified amounts of money at future dates.

Accounts Payable

Liabilities representing amounts owed by a company to suppliers for goods and services purchased on credit.

Journal Entry

A record in the accounting journals that documents a financial transaction.

FICA Taxes

Taxes imposed by the Federal Insurance Contributions Act, funding Social Security and Medicare programs, withheld from employees’ pay and matched by employers.