The Fundamental Issue in Any Technological Change Provisions in the Collective

question 54

Multiple Choice

The fundamental issue in any technological change provisions in the collective agreement will be:

• A) the notice required for technological change
• B) any transfer provisions
• C) the income protection provided
• D) the definition of technological change
• E) the severance payments if jobs are lost

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Definitions:

Discarding

The act of getting rid of something that is no longer useful or desired, within a context like inventory management or manufacturing.

Fixed Assets

Permanent tangible properties engaged in business operations, which are unlikely to be used up or exchanged for cash in the span of a year.

Goodwill

An intangible asset that is created from such favorable factors as location, product quality, reputation, and managerial skill.

Competitive Advantage

An advantage that allows a business to generate greater sales or margins compared to its market competitors, often through unique resources, capabilities, or efficiencies.