On December 1, 2016, a College Received a Pledge to Support

question 1

Multiple Choice

On December 1, 2016, a college received a pledge to support a program in the following two years. Which of the following is true with respect to this pledge?

• A) If the college is a private institution, the contribution revenue will be recognized within the temporarily restricted category provided the pledge is unconditional.
• B) If the college is a public institution, no contribution revenue will recognized in 2016 since the time restriction is deemed to be an unsatisfied eligibility requirement.
• C) Both A and B are true
• D) Neither A nor B are true

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Definitions:

Associate Union Membership

Alternative form of union membership in which members receive discounts on insurance and credit cards rather than representation in collective bargaining.

Collective Bargaining

The process of negotiation between employers and a group of employees (often represented by a union) aimed at reaching agreements to regulate working conditions, wages, and benefits.

Consent Election

A method used by workers to form a union in which they express their desire to unionize through signed authorization cards.

Decertification Election

A process by which employees can vote to remove the representation of a labor union.