Briefly Explain Why a Favourable Variable Overhead Rate Variance May

question 1

Essay

Briefly explain why a favourable variable overhead rate variance may not always be desireable.

Identify the conditions under which employers can legally recognize unions.

Explain the legal constraints on employer and union actions during unionization efforts.

Appreciate the factors that influence employee attitudes towards unions and unionization.

Understand the concept of a bargaining unit and how it is determined.

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Definitions:

Government Borrowing

The process by which the government finances its expenditures by issuing debt, typically through the sale of securities like bonds.

Independent

Not being influenced or controlled by others; having the freedom to think, act, and make decisions by oneself.

Real GDP

The measure of a country's economic output adjusted for price changes, reflecting the real quantity of goods and services produced.

Spending Multiplier

The ratio of a change in aggregate income to the initial change in spending that brought it about, illustrating the larger impact on income.