A Document Containing the Terms of Employment and the Rights

question 17

Multiple Choice

A document containing the terms of employment and the rights and duties of the employer,the trade union,and the employees is known as

• A)a contract of employment.
• B)a collective agreement.
• C)the Labour Relations Act.
• D)the Employment Standards Act.
• E)a release.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with fixed dividends.

Common Stock

A type of equity security that represents ownership in a corporation, with rights to vote on corporate matters and receive dividends.

Consolidated Income Statement

A financial statement that summarizes the revenue, expenses, and profits of a parent company and its subsidiaries.

Bonds Payable

A long-term debt instrument issued by a company or government agency, promising to pay its holder a specified sum of money at a future date plus periodic interest payments.