There Is a Need for Budget Adjustments When

question 21

Multiple Choice

There is a need for budget adjustments when:

• A) income is stable.
• B) account deficits and surpluses balance out.
• C) account deficits are more than surpluses.
• D) a new calendar year begins.
• E) short-term financial goals are achieved.

Recognize examples of unfair labour practices by employers.

Understand the impact of legislation on employment relations.

Comprehend the significance and process of union certification.

Evaluate the compliance of contractual terms with employment standards.

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Definitions:

Just-in-time Systems

Inventory management strategy aimed at increasing efficiency and decreasing waste by receiving goods only as they are needed in the production process.

Inventories

The stocks of goods, components, or materials held by a business for the purpose of resale or production.

Just-in-time

An inventory management system aimed at reducing storage costs and waste by receiving goods only as they are needed in the production process.

Transportation Costs

Expenses associated with the movement of products or materials from one location to another.