Which of the Following Statements Is Correct

question 65

Multiple Choice

Which of the following statements is correct?

• A) Management may subcontract work without bargaining with a union.
• B) Management may relocate work previously done by union employees without bargaining with a union.
• C) Management may close all or part of a business for economic reasons without bargaining with a union.
• D) Management may close all or part of a business for non-economic reasons without bargaining.

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Definitions:

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company's balance sheet.

Credit

A bookkeeping record that enhances a liability or equity balance, or diminishes an asset or expenditure balance.

Debits

An accounting entry that increases an asset or expense account, or decreases a liability or equity account, recorded on the left side of the ledger.

Credits

Credits are accounting entries that increase liabilities or equity accounts, or decrease asset or expense accounts.