Before Negotiations with the Union, Management Needs To

question 38

Multiple Choice

Before negotiations with the union, management needs to:

• A) survey employees to find out what union demands are before they are put on the table
• B) prepare statistical displays and supportive data that the company will need during negotiations
• C) hire a labor relations expert to make sure nothing illegal is agreed to
• D) announce across-the-board pay increases
• E) confirm its bargaining position with the National Labor Relations Board

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Definitions:

Ending Inventory

The final amount of products available for sale at the conclusion of a fiscal period.

Investments

Assets purchased with the goal of generating income or appreciating in value over time.

Accounting Changes

Accounting Changes are modifications in the accounting methods, estimates, or reporting entity that affect the financial statements of a company.