Answer the following statements true (T) or false (F)
1. Frank is a supervisor at a major big box retail company. He learns that several of the employees have been meeting to discuss the possibility of unionizing the store. Frank approaches the leaders of the group and offers an immediate 2% pay increase for all employees, with an additional 2% to follow next year, if they agree to stop their organizing activity. Frank's actions are legal under the Wagner Act (NLRA).
2. The Wagner Act (NLRA) is intended to protect the rights of workers to, as a group, talk to their employer about wages, hours, and working conditions even when they are not part of a union.
3. At a local restaurant one evening, a supervisor from a large manufacturing plant is seated in a booth directly behind four employees of the plant she works at. She overhears these employees discussing the possibility of unionizing the plant and stays to learn more about their plans. The next day, she tells her box about what she has learned. The supervisor's actions are legal under the Wagner Act (NLRA).
4. Northern Lights is a large manufacturing company that makes lighted signs and kiosks for major retailers and businesses. In an attempt to control the company's exposure to negative publicity through social media, the Director of HR issues a blanket policy prohibiting employees from posting any information about the company on their social media pages. The company's policy would be considered legal under the Wagner Act (NLRA).
5. Four employees engage in a spirited Facebook exchange complaining about their company's poor pay, benefits, and safety record. Because the employees' actions are protected under the Wagner Act (NLRA), the company cannot punish them for the posts.
1. FALSE
2. TRUE
3. FALSE
4. FALSE
5. TRUE
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All of the following statements concerning appropriation of retained earnings are true EXCEPT
a. the practice of appropriating retained earnings is unusual today. b. stockholders generally expect all unappropriated retained earnings to be distributed in the form of dividends. c. it is necessary to advise balance sheet readers that retained earnings is not totally available for dividends. d. simply noting the restriction of retained earnings is not sufficient.
TKE Corporation established a defined benefit pension plan in 2016. TKE has provided the following information for the year ended December 31, 2018: Service cost$90,000 Interest cost$120,000 Actual return on plan assets$70,000 Expected return on plan assets$80,000 Amortization of prior service costs$30,000 If the company contributes $130,000 cash to the pension plan trustee, which one of the following journal entries properly records the payment?
A.
DR Pension expense | 120,000 | ? |
DR Pension asset | 10,000 | ? |
CR Cash | ? | 130,000 |
B.
DR Pension expense | 130,000 | ? |
CR Cash | ? | 130,000 |
C.
DR Pension expense | 160,000 | ? |
CR Cash | ? | 130,000 |
CR Pension asset (liability) | ? | 30,000 |
D.
DR Pension expense | 90,000 | ? |
DR Pension asset (liability) | 40,000 | ? |
CR Cash | ? | 130,000 |
Who is typically empowered by the states to protect consumers from deceptive trade practices?
A. The local police. B. The state bureau of investigation. C. The state attorney general. D. The governor.
M1 - coins and currency - amount in travelers checks equals
A. M2. B. amount held in checking accounts. C. amount held in savings deposits. D. amount held in time deposits.