Answer the following statements true (T) or false (F)
1. From the union perspective, the bureaucratic system of collective bargaining contracts may
achieve stability at the expense of rank and file involvement and activism.
2. Workers seeking the protection of a union contract generally prefer workplace decisions that
are guided by impartial rules such as seniority-based pay increases or promotions.
3. U.S. Labor relations are set primarily by strike power, court orders, and public decision-making
than by private administrations of contract terms.
4. Nearly every U.S. union contract contains a just cause clause protecting workers from
arbitrary dismissal or discipline.
5. Employers in the U.S. are generally required by contract to give union workers a valid, job-
related reason for dismissal, just like they must for nonunion workers.
1. TRUE
2. TRUE
3. FALSE
4. TRUE
5. FALSE
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Indicate whether the statement is true or false
When using CVP analysis to determine sales level for a desired amount of profit, the profit is treated as an additional cost to be covered
Indicate whether the statement is true or false
Braddock Construction Co.'s stock is trading at $20 a share. Call options that expire in three months with a strike price of $20 sell for $1.50. Which of the following will occur if the stock price increases 10%, to $22 a share?
A. The price of the call option will increase by more than $2. B. The price of the call option will increase by less than $2, and the percentage increase in price will be less than 10%. C. The price of the call option will increase by less than $2, but the percentage increase in price will be more than 10%. D. The price of the call option will increase by more than $2, but the percentage increase in price will be less than 10%. E. The price of the call option will increase by $2.
The Highway Safety Department wants to study the driving habits of individuals. A sample of 121 cars traveling on the highway revealed an average speed of 60 miles per hour with a standard deviation of 11 miles per hour. Determine a 95% confidence interval estimate for the speed of all cars