Suppose that under its collective bargaining agreement the XYZ Corp can hire nonunion workers, but these workers must join the union within 60 days. This agreement is an example of
A) an open shop.
B) a closed shop.
C) a company union.
D) a union shop.
D
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The purpose of the restrictive debt covenant that prohibits borrowers from entering into certain types of leases is to
A. ensure a cash shortage does not cause an inability to meet current obligations. B. prevent liquidation of assets through large salary increases of key employees. C. protect the lender by controlling the risk and marketability of the borrower's security investments alternatives. D. limit the amount of fixed-payment obligations.
Scarcity is a problem in economics because it means that
a. all economies will be poor b. we cannot produce all the goods we want c. consumers will not be able to consume all of the goods that producers have the capacity to produce d. we cannot produce all the food we would want e. the economy cannot improve its peoples' standard of living
The term "cash transfer" means " cash or outright benefits given to individual as outright grants from the government?
A) True B) False
Which of the following does not appear on the asset side of a bank's balance sheet?
A. required reserves B. checkable deposits C. loans D. excess reserves