Which of the Following Is Correct Regarding Benefits and the Collective

question 2

Multiple Choice

Which of the following is correct regarding benefits and the collective agreement:

• A) Benefits that employees will be entitled to must be set out specifically in the collective agreement.
• B) The employer will always establish a flexible benefit plan that allows employees to individually negotiate their benefit costs.
• C) The employer must arrange insurance coverage to provide for benefits set out in the collective agreement.
• D) The benefits employees are entitled to could be provided for outside of the collective agreement.
• E) Legislation sets out all the benefits that must be provided for in collective agreements.

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Definitions:

Earnings Per Share

A key financial metric calculated by dividing a company's net income by the number of its outstanding shares, indicating the profitability on a per-share basis.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenues.

Preferred Dividends

Regular dividends paid out to preferred shareholders before any dividends are paid to common shareholders, typically fixed in amount or percentage.

Accrued Expense

Expenses that have been incurred but not yet paid for, typically recorded through adjusting journal entries.