The Labour Board Has the Option of Holding a Hearing

question 18

Multiple Choice

The labour board has the option of holding a hearing during the assessment of the certification application. When does it usually exercise this option?

• A) When the employer is angry
• B) If there is a dispute over the content of the application
• C) If it believes that the union is an improper bargaining agent
• D) When the employees ask for it

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Definitions:

Ending Inventory

Ending inventory is the total value of all unsold goods a company has at the end of an accounting period, calculated before the new fiscal period begins.

Retail Method

An accounting method used to estimate the ending inventory and cost of goods sold based on the retail price of merchandise.

Estimated Cost

An approximation of the financial outlay required to complete a project, acquire a service, or purchase goods, often used in budgeting and planning.

Inventory

A company's inventory of products and materials, accumulated for selling or using in production.