What Happens to Workplace Terms and Conditions Once Collective Bargaining

question 2

Multiple Choice

What happens to workplace terms and conditions once collective bargaining begins?

• A) As items are agreed to, they are incorporated into the agreement
• B) There can be no unilateral change in terms and conditions
• C) The labour relations board may impose conditions as bargaining progresses
• D) As long as no collective agreement is in force, management may alter the conditions as it sees fit

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Definitions:

Net Float

The difference between checks written against and deposited in an account, before those checks have been cleared and settled.

Money Market Securities

are short-term financial instruments, such as treasury bills and commercial paper, that provide liquidity and relatively low risk.

Average Daily Receipts

The average amount of cash received by a business on a daily basis, calculated over a specific period of time.

Collection Delay

The lag between the time when a payment is made by a customer and when the funds are actually available for use by the recipient.