The Cash Basis Recognizes Revenue When Cash Is Received and Expenses

question 10

True/False

The cash basis recognizes revenue when cash is received and expenses when cash is paid.

---

Definitions:

Nonmajority Unionism

A labor movement strategy where a union represents interested workers without achieving formal recognition or majority status through a collective bargaining agreement.

Temporary Workers

Employees hired for a fixed period or for the completion of a specific project, often without the benefits provided to permanent staff.

Card Check Recognition

A method for employees to establish a union as their bargaining representative through a majority of them signing authorization cards, as opposed to holding a secret ballot election.

Union Representation Elections

Elections conducted to determine whether employees want to be represented by a union, often overseen by a governmental agency to ensure fairness.