The Management of an Organization Can Push Its Employees Closer

question 8

Multiple Choice

The management of an organization can push its employees closer to a union by:

• A) Interpreting the silence of the work force as indicating the absence of problems.
• B) Automatically assuming that all supervisors are on the side of management.
• C) Believing that most worker dissatisfaction is due to wages, benefits, and other economic concerns.
• D) All of the foregoing.

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Definitions:

Gross Profit

The difference between the revenue from sales and the cost of goods sold, before deducting overheads, interest, and taxes.

Cost of Goods Sold

Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold by a company, including materials and labor.

Perpetual Inventory System

A perpetual inventory system is a method of tracking inventory in real-time, with continuous updates to inventory records as sales and purchases occur.

Gross Method

An accounting practice where discounts for prompt payment are recorded as reductions of expense if taken.