An Escalator Clause in a Labor Agreement That Automatically Increases

question 23

Multiple Choice

An escalator clause in a labor agreement that automatically increases wages as the U.S.Bureau of Labor Statistics' Consumer Price Index rises is known as a ________.

• A) BARS
• B) COPE
• C) COLA
• D) POS

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Definitions:

Interest Rates

The percentage of a sum of money charged for its use, indicating the cost of borrowing money or the return on invested savings.

Net Working Capital

A financial metric that measures a company's ability to pay off its current liabilities with its current assets.

Current Liabilities

Short-term financial obligations due within one year, typically including accounts payable, short-term loans, and accrued expenses.

Prompt Payment Discount

A reduction in the amount owed by a buyer to a seller, provided the payment is made within a specified timeframe.