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Formal Commitments Between Management and Unions to Jointly Implement High-Performance

question 4

True/False

Formal commitments between management and unions to jointly implement high-performance work systems serve to institutionalize the relationship so that it keeps going even if key champions leave.


Definitions:

ZBA

Zero Balance Account; a cash management tool in which funds are automatically transferred to maintain a zero balance, eliminating excess balances.

Working Capital Management

The management of a company's short-term assets and liabilities to ensure it has sufficient funds to continue its operations and meet short-term financial obligations.

Payables

Amounts owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Marketable Securities

Liquid financial instruments that can be quickly converted into cash at a reasonable price.

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