A Revenue Transaction Will Result in All of the Following

question 55

Multiple Choice

A revenue transaction will result in all of the following except:

• A)An increase in assets.
• B)An increase in owners' equity.
• C)A positive cash flow in either the past,present,or future.
• D)An increase in liabilities.

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Definitions:

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Union Shop

A place of employment where the employer may hire either labor union members or non-members but where non-members must become members within a specified period of time or lose their jobs.

Nonunion Workers

Employees who are not members of a labor union and, as such, typically do not enjoy the collective bargaining rights and benefits that union members do.

Unionization Rate

The percentage of employees in a workforce who belong to a labor union.