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XYZ Corporation declares a 10 percent stock dividend distributable to all shareholders.There is only the one class of stock outstanding,and shareholders do not have any choices with respect to the distribution.Carol had owned 100 shares of stock,and she received 10 new shares as a result of the stock dividend.The stock is trading at $25 per share as of the distribution.Carol will recognize $250 of dividend income.
Union Representation Elections
Elections conducted to determine whether employees want to be represented by a union, often overseen by a governmental agency to ensure fairness.
First Contract Settlement
The initial agreement reached between a newly unionized employer and the union, setting the precedent for future negotiations.
New Public Management
An approach towards public administration that emphasizes efficiency, decentralization, and the adoption of private sector management practices within the public sector.
Free Market Ideas
Economic principles that advocate for minimal government intervention in the marketplace, allowing the forces of supply and demand to determine prices and production.
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