What Is the Difference Between an Offensive and a Defensive

question 19

Essay

What is the difference between an offensive and a defensive lockout and for each give an example of a situation in which an employer might want to use it. What are the rights of strikers and strike replacements in a lockout situation? (15 minutes)

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Definitions:

Source Documents

Original records or documents that provide evidence of transactions and details necessary for accounting, such as invoices, receipts, and contracts.

Equity Accounts

Accounts that represent the owner's interest in the company, including capital stock, retained earnings, and sometimes dividends.

Accounting Process

The systematic approach to recording, classifying, summarizing, and reporting a business's financial transactions.

Journal Entry

A record in accounting that notes the details of a financial transaction, showing which accounts are affected and by what amounts.