What Does a Unionization Model Suggest

question 3

Multiple Choice

What does a unionization model suggest?

• A) Employees have to be dissatisfied and believe that they are individually unable to influence a change in the conditions causing their dissatisfaction.
• B) A majority of employees have to believe that collective bargaining would improve conditions more than changing jobs,and its benefits outweigh the costs.
• C) The gaps between expectations and achievements motivate employees to find ways to eliminate them.
• D) Differences among members of a bargaining unit after unionization may be substantial and must be considered by the union in its representational activities.

Understand the principles of bond valuation and the calculation of present value for single amounts and annuities.

Comprehend the concepts of market rate of interest vs contract rate of interest and their implications on bond pricing (discount, premium, or par value).

Be able to journalize bond transactions including issuance, interest payment, amortization of discount/premium, and redemption.

Calculate the total interest expense over the life of a bond and understand the factors affecting it.

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Definitions:

Durable Power of Attorney

A legal document that grants an individual the authority to act on another person's behalf in legal and financial matters, even if the grantor becomes incapacitated.

Health-Care Power of Attorney

A legal document allowing an individual to appoint someone else to make medical decisions on their behalf if they become incapacitated.

Constructive Trust

A remedy imposed by a court recognizing a person’s right to ownership of property because of fairness, even though legal title is held by someone else.

Living Will

A living will is a legal document that outlines an individual's wishes regarding medical treatment in circumstances where they are unable to communicate those desires themselves.