Examlex
In a process costing accounting system, factory wages are debited to ________, when direct labor is used. When indirect labor is used, the ________ account is debited. In both cases the ________ is credited.
Collective Bargaining
The process by which employers and unions negotiate terms of employment, including wages, working hours, and working conditions, to reach a labor agreement.
Economic Disruption
A significant disturbance to the normal functions of an economy caused by external or internal events.
Labor Union Membership
The status of workers who belong to an organization that represents their collective interests in negotiations with employers regarding wages, hours, benefits, and working conditions.
Labor Force
All the non-institutionalized, working-age individuals who are employed or actively seeking employment.
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