Labour Relations Strategy

question 25

Multiple Choice

Labour relations strategy:

• A) relates to how the firm competes in the marketplace
• B) relates to how the employer deals with unionization
• C) has been constant since the 1980s
• D) is not related to environmental factors
• E) relates to a low commitment approach to human resource management

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Definitions:

Liquidity

Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price.

Solvent

In a financial context, the state of being able to meet all monetary obligations; having assets in excess of liabilities.

Restricted

Limited in extent, number, scope, or action.

Endowment Principal

The core capital in an endowment, which is invested to generate income while preserving the original amount.