Answer the following statements true (T) or false (F)
1. In Great Britain, collective bargaining has traditionally occurred only when both management
and labor voluntarily agree to engage in negotiations.
2. Voluntarism is an institutionalized system of employee voice in which employees are entitled
to participate in workplace decision-making.
3. In Great Britain, collective bargaining agreements are not legally binding.
4. The Trades Disputes Act of Great Britain gives labor unions immunity from lawsuits over
breach of contract and striking.
5. Labor legislation passed by Margaret Thatcher during the 1980s resembled many of the
provisions included in the Taft-Hartley and Landrum-Griffin Acts passed in the U.S. 20 to 30
years earlier.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
5. TRUE
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Analysis reveals that a company had a net increase in cash of $21,980 for the current year. Net cash provided by operating activities was $19,800; net cash used in investing activities was $10,900 and net cash provided by financing activities was $13,080. If the year-end cash balance is $26,700, the beginning cash balance was:
A. $42,960. B. $43,960. C. $17,260. D. $4720. E. $48,680.
Adding the contribution margin as a component to cost-volume-profit computations will not change the resulting amount of breakeven units in a given situation
Indicate whether the statement is true or false
U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is/are not true?
a. U.S. GAAP provides fourteen criteria, any one of which qualifies a lease as a capital lease. b. IFRS provides general criteria for identifying the entity enjoying the rewards and incurring the risk. c. Firms cannot currently apply the fair value option to capital leases. d. The FASB and the IASB have undertaken a joint project involving the lessee's accounting for leases which may result in treating all leases as capital leases. e. all of the above
How are the justices of the U.S. Supreme Court appointed?
A) They are nominated by the president and confirmed by the U.S. Senate. B) They are appointed by the president of the United States. C) They are nominated and confirmed by the Chief Justice of the U.S. Supreme Court. D) They are nominated by the Associate Justices and confirmed by the Chief Justice of the U.S. Supreme Court.