When Disciplining an Employee Who Is a Member of a Labor

question 47

Multiple Choice

When disciplining an employee who is a member of a labor union, the supervisor should:

• A) Have representatives of both management and union present when disciplinary action is communicated to the employee.
• B) Ensure that the union is notified after the disciplinary action has been communicated.
• C) Communicate the disciplinary action through the union.
• D) Discipline the employee in public to "show up" the union.

Distinguish between the different financing and investing activities of a business.

Explain the significance of assumptions in accounting such as the going concern assumption, the monetary unit assumption, and the economic entity assumption.

Understand the concept of revenues and how they affect equity.

Identify the obligations of a business and how they are represented in accounting.

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Definitions:

Generic Strategies

Broad approaches to business strategy proposed by Michael Porter that can be applied across industries, including cost leadership, differentiation, and focus strategies.

Market Scope

The extent or range of areas (geographical, product lines, demographics) a business or product targets in order to market its goods and services.

Competitive Advantage

The attributes or conditions that allow an organization to perform better than its competitors.

Drug Interdiction

Measures aimed at stopping the illegal trafficking of drugs.