Industrial Democracy Is Primarily Marked By

question 32

Multiple Choice

Industrial democracy is primarily marked by:

• A) worker involvement in plant and corporate level decisions.
• B) union involvement in political rather than economic issues.
• C) managers who allow nonunion employees to vote on union issues.
• D) union representatives who hold executive positions on corporate boards.

---

Definitions:

Revaluation Surplus

An increase in the value of an asset that is reflected on the company's balance sheet when the asset is revalued to its current market value, leading to an appreciation in the asset's worth that is not realized through sales.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the IASB that aims at making global financial statements more comparable.

Statement of Financial Position

Another term for the balance sheet, detailing a company's assets, liabilities, and equity at a specific point in time.

IFRS

Global accounting guidelines known as International Financial Reporting Standards are used for the preparation of financial statements.