Cordova Has Been Involved in Negotiations with the Union Representing

question 26

Multiple Choice

Cordova has been involved in negotiations with the union representing her employees for over seven months.An agreement has not been reached on any issue although Cordova has made concessions from her original position.She is unwilling to make further concessions.If no agreement is reached within a reasonable amount of time:

• A) Cordova will be liable for having committed an unfair labor practice because the law expects her to make maximum concessions before giving up on the agreement.
• B) the Norris-LaGuardia Act permits the union to impose terms and conditions substantially similar to those enjoyed by similarly situated workers.
• C) Cordova will not be liable for having committed an unfair labor practice because the law does not require that an agreement be reached, only that the parties bargain in good faith.
• D) the National Labor Relations Act permits the National Labor Relations Board to impose terms and conditions substantially similar to those enjoyed by similarly situated workers.

---

Definitions:

Unearned Revenue

Funds paid to a company for products or services that are still to be provided or executed.

Income Statement

A financial statement that displays a company's revenues, expenses, and net income over a specific period, demonstrating the financial performance of the business.

Net Loss

Net loss occurs when a company's expenses exceed its revenues during a specific accounting period, indicating financial loss.

Adjustments Columns

Columns in accounting journals or ledgers used to make corrections or modifications to financial entries for accurate reporting.