Almost All the 12,000 Workers of an Automobile Factory Gathered

question 30

Multiple Choice

Almost all the 12,000 workers of an automobile factory gathered outside the plant and refused to work for five consecutive days. This strike, reflecting the union's opposition to the unfair clauses in the proposed union contract, began after negotiations on the mandatory issue of increase in wages failed. The workers were disappointed that the employer refused to meet their demand and responded to this bargaining impasse by initiating a(n) _____.

• A) sympathy strike
• B) lockout
• C) slowdown
• D) economic strike
• E) jurisdictional strike

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Definitions:

Processing Department

An organizational unit where work is performed on a product and where materials, labor, or overhead costs are added to the product.

Equivalent Units

A measure used in cost accounting to express the amount of work done by employees and machines in terms of fully completed units of output.

Ending Inventory

The total value of all inventory, including raw materials, work-in-process, and finished goods, at the end of an accounting period.

Weighted-Average Method

A cost accounting method that averages the costs of goods available for sale for the calculation of the cost of goods sold and ending inventory.