The Market Value of Equipment Owned by a Company Is

question 5

True/False

The market value of equipment owned by a company is a sunk cost and should not be taken into account in deciding whether or not to replace the equipment.

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Definitions:

Bargaining Unit

A group of employees with a clear and identifiable community of interests who are represented by a single labor union in collective bargaining.

Certification

The process of verifying the attributes, characteristics, or quality of someone or something, often resulting in a formal document.

Refuses to Bargain

Occurs when an employer or union does not engage in good faith negotiation over wages, hours, and other terms of employment.