Grievance arbitration, while effective in applying accepted standards of justice to the workplace, is sometimes criticized. Describe these criticisms.
What will be an ideal response?
The grievance process, including arbitration, is criticized as being excessively legal, formal, and reactive. The legal and formal nature of grievance procedures can be intimidating to the parties and may squelch creative thinking that would lead to a resolution as the parties become too locked into the formality of the process. It may also inhibit relationship building that would lead to informal resolution. In addition, it has been argued that the grievance process is primarily one in which parties react to a situation once it has arisen, rather than encouraging problem-solving that would prevent the situation from arising again.
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A times interest earned ratio of 0.90 to 1 means:
a. that the firm will default on its interest payment. b. that net income is less than the interest expense. c. that the cash flow is less than the net income. d. that the cash flow exceeds the net income. e. none of the answers are correct.
Assume you are in the business of producing and selling t-shirts. If you could produce more t-shirts with the same input, what would happen to your productivity and profits assuming the price of your t-shirts remains the same?
A. Decrease in productivity, decrease in profits. B. Decrease in productivity, increase in profits. C. Increase in productivity, decrease in profits. D. Increase in productivity, increase in profits.
Nabais Corporation uses the weighted-average method in its process costing system. Operating data for the Lubricating Department for the month of October appear below: Units Percent Complete withRespect to ConversionBeginning work in process inventory 3,300 80%Transferred in from the prior department during October 30,700 Completed and transferred to the next department during October 32,200 Ending work in process inventory 1,800 60%What were the equivalent units for conversion costs in the Lubricating Department for October?
A. 32,200 B. 33,280 C. 29,200 D. 31,780
Which of the following is a satellite system that provides real-time location and time information?
a. RSS feed technology. b. Roving nodes technology. c. GPS technology. d. Lifestream aggregation. e. Digital mobility.