Discuss the Propriety of Each of the Following Actions by Management

question 59

Essay

Discuss the propriety of each of the following actions by management:
a.offering employees a bonus of one week's vacation just prior to an election
b.threatening bankruptcy if a union is approved
c.sending a management person to a labor meeting

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Definitions:

Chart of Accounts

A systematic list of accounts that a company uses for the organization of its financial transactions and to prepare financial statements.

Salaries Expense

The cost incurred by a company for the salaries of its employees.

Journal Entry

A record in accounting that notes the details of a financial transaction.

Posting Reference

An alphanumeric code or number used to identify the original journal entry in the ledger, facilitating the tracking of transactions and their origins in accounting records.