Scenario 14.2 Calendar "R" Us Ltd. Produces Calendars for Middle and High

question 58

Multiple Choice

Scenario 14.2
Calendar "R" Us Ltd. produces calendars for middle and high schools in Ontario. Calendar started back in 2006 and today has over 60 employees. About two years ago, the employees organized and obtained union certification. To date, the union has not successfully negotiated a collective agreement. Employees are not happy with the progress the union has made, and much of the concerns they have had (wages, benefits, training, etc.) have not been addressed. Calendar "R" Us employees feel that the union is more interested in serving the needs of the company and are looking to find a replacement.
-Refer to Scenario 14.2. What are the steps in the collective bargaining process that the union and Calendar "R" Us need to go through?

• A) union proposals, management responses, management demands, limits of concessions
• B) prepare for negotiations, develop strategies, conduct negotiations, formalize agreement
• C) union demands, database to support management proposals, union responses
• D) prepare for negotiations, review proposals, determine counteroffer

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Definitions:

Aggressive Working Capital Financing

A strategy that involves taking on higher risk to finance working capital, potentially leading to higher returns or increased financial distress.

Term Structure

The relationship between interest rates or bond yields and different terms (or maturities) on the debt.

Bank Loans

Financial borrowing provided by a bank to individuals or businesses, usually requiring repayment with interest.

On Demand

A term indicating that a payment or service is due immediately or whenever requested.