One of the Distinguishing Features of the Australian Labor Relations

question 171

Multiple Choice

One of the distinguishing features of the Australian labor relations systems since the 1980s has been:

• A) The number of union mergers and amalgamations
• B) A trend toward voluntarism
• C) Frequent strikes
• D) Growing union density rates

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Definitions:

Annuity

A financial service that offers a continual payment stream to its holder, primarily aimed at funding the post-retirement life of individuals.

Compounded Semiannually

Interest that is calculated and added to the principal twice a year, leading to interest on interest.

Present Value

The contemporary value of a future monetary sum or cash flow stream, calculated with a set rate of return.

Compounded Semi-annually

The process of adding interest to the principal sum of a deposit or loan every six months, so that each subsequent interest calculation is based on the original principal plus all accumulated interest.