What is meant by labor-management partnerships and what challenges do they pose for unions?
What will be an ideal response?
Labor-management partnerships are formal initiatives in which workers and union leaders participate in organizational decision making beyond the daily work-related decisions of employee empowerment and collective bargaining. In this model, employees and their union representatives become full partners in running a business. To be successful, union leaders need to develop new skills to effectively guide partnership programs and make wise business decisions. They must continue to fulfill the traditional role of worker representative at the same time be cognizant of the business implications. They must acquire new knowledge and education on business matters and become more innovative and creative in solving workplace problems.
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Promoters are not agents of the corporation prior to its incorporation.
Answer the following statement true (T) or false (F)
According to the ACFE study, which of the following comprises the highest percentage of asset misappropriation?
a. larceny b. skimming c. delayed payment recognition d. fraudulent disbursement
Fallingstar, Inc. has 110,000 shares of common stock issued and outstanding, with a par value of $0.03 per share. It declared a 17% common stock dividend; market value is $14 per share. Which of the following is the correct journal entry to record the transaction? (Round your answers to the nearest whole dollar.)
A) debit Stock Dividends $261,800 and credit Paid-In Capital in Excess of Par—Common $261,800 B) debit Stock Dividends $261,800, credit Common Stock Dividend Distributable $561, and credit Paid-In Capital in Excess of Par—Common $261,239 C) debit Stock Dividends $261,800 and credit Cash $261,800 D) debit Common Stock Dividend Distributable $561, debit Paid-In Capital in Excess of Par—Common $261,239, and credit Retained Earnings $261,800
Which of the following situations severely limits the use of industry norms as standards of comparison?
A) The fact that little information exists on industry norms B) The existence of conglomerates C) The presentation of segmented information D) A downward turn in the economy