What Should Union Officials and Management Protect When Anticipating Potential

question 42

Multiple Choice

What should union officials and management protect when anticipating potential downsizing and restructuring?

• A)human rights of employees
• B)positive labour relations programs
• C)wage and benefit concessions
• D)labour-management climate

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Definitions:

Debit Side

The left side of an accounting ledger where increases in assets and expenses or decreases in liabilities and equity are recorded.

Normal Balance

The side of an account (debit or credit) where increases in the account are recorded, reflecting the account's usual positive balance.

Expense

Outflows or other using up of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major operations.

Credit

A bookkeeping entry that increases the value of liabilities or equity accounts, or decreases the value of an asset or expense account.