Imagine That You Are a Union Representative

question 17

Essay

Imagine that you are a union representative. One of your members has been discharged for excessive absenteeism (12% versus the company average of 5%). In looking at his file, you note that he has been employed at the company for 15 years, he has never received any form of discipline, and he is three years from retirement. You are also aware that other employees who have higher rates of absenteeism than he does have never been disciplined. Name and present three mitigating factors to argue that discharge was excessive in this case.

Differentiate between the income statement and balance sheet treatment of various equity transactions.

Comprehend the requirements and implications of current GAAP on earnings per share calculations.

Understand the use of stock options as compensation and their impact on aligning employees' interests with those of owners.

Understand the regulatory framework and accounting standards related to stock options and share-based payment.

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Definitions:

Discipline

A field of study or branch of knowledge, education, or training; also refers to the practice of training people to obey rules or a code of behavior.

Rational

Based on or in accordance with reason or logic, capable of reasoning or using reason in an orderly cogent fashion.

Difficult

Describes something that is not easy to do, understand, or deal with.

Conduct Disorder

A mental health disorder seen in children and adolescents, characterized by a persistent pattern of behavior that violates societal norms and the rights of others.