Answer the following statements true (T) or false (F)
1. An economic strike is a strike that occurs when workers are unhappy with a country's general economic conditions and seek to apply pressure to government officials to improve the economy.
2. Workers cannot be disciplined or discharged for participating in unfair labor practice strikes even if the NLRB ultimately determines that the employer is innocent of any wrong-doing.
3. Regardless of whether workers strike over "mandatory" or "permissive" bargaining issues, the NLRA protects their right to strike and they cannot be discharged or disciplined for their strike activity.
4. Public sector strikes are often not allowed in part because it is believed that they have the potential to seriously harm the public interest.
5. If the President thinks a strike will be dangerous to the national health or safety, the Taft-Hartley Act empowers the President to halt a strike while an arbitrator investigates and issues a final and binding decision.
1. FALSE
2. FALSE
3. FALSE
4. TRUE
5. FALSE
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A method of allocating merchandise cost requiring each item sold and each item remaining in inventory to be separately identified with respect to its purchase cost is called the
a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. weighted-average method.
Which of the following statements about culture is most likely FALSE?
A) Indirect communication is preferred in Africa. B) Harmony is highly valued in Asian countries. C) Gift giving is considered unethical in China. D) Americans value promptness for business meetings. E) Tactfulness is important when doing business in Arab countries.
Byron bought a 50' yacht from Myrtle's Marina by entering into a note and security agreement promising the yacht as collateral for the purchase money security interest. When Byron faced some tough financial times, he failed to make three monthly payments. Myrtle's Marina repossessed the yacht by removing the yacht engine and advertised a public auction of the yacht. Byron appealed to his good
friend Charles and managed to pay off the debt balance and the Marina's expenses of repossessing and advertising the sale. Byron's actions represent a. strict foreclosure. b. redemption. c. silent bidding at the auction. d. an artisan's lien.
In the computation of the manufacturing cost per equivalent unit, the weighted-average method of process costing considers:
A. current costs less cost of beginning Work-in-Process Inventory. B. current costs plus cost of beginning Work-in-Process Inventory. C. current costs only. D. current costs plus cost of ending Work-in-Process Inventory.