The NLRA Obligates Private Section Parties to Give Prior Notification

question 66

True/False

The NLRA obligates private section parties to give prior notification to the Federal Mediation and Conciliation Service of pending contract negotiations.

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Definitions:

Carrying Value

The amount at which an asset is recognized on the balance sheet after deducting accumulated depreciation and impairment losses.

Inventory

Goods and materials that a business holds for the ultimate goal of resale.

Declared Dividend

A dividend that has been announced by a company's board of directors to be paid to shareholders on a specified date.

Net Assets

The total value of a company’s assets minus its liabilities, indicating the actual worth of the company’s equity.