The Constitution Act

question 127

Multiple Choice

The Constitution Act

• A) prohibits unfair labour practices on the part of management.
• B) recognized the right of employees to bargain collectively.
• C) provides for compulsory investigation.
• D) is a comprehensive piece of legislation that applies to the labour practices of firms operating under the legislative authority of parliament.
• E) divides authority concerning labour regulations between the provinces and the federal government.

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Definitions:

Unadjusted Trial Balance

A financial report that lists all accounts and their balances before adjustments, used to ensure debits equal credits.

Accrual Accounting

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is received or paid.

Incurred

Describes expenses that have been realized or experienced by a business or individual.

Matching Principle

An accounting principle that expenses should be recorded in the same period as the revenues they helped to generate, to provide a more accurate picture of financial performance.