Strikebreakers are nonunion workers hired to do the jobs of striking workers
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: When union members walk off their jobs, management can legally replace them with strikebreakers, nonunion workers hired to do the jobs of striking workers.
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Which of the following correctly characterizes the retailing strategy shared by Toys "R" Us and Virgin Megastores?
A) few product categories, own-label focus B) few product categories, manufacturer brand focus C) many product categories, own-label focus D) many product categories, manufacturer brand focus E) none of the above
On December 31, Winters Company received a $385 bill for the purchase of supplies in December that it will not pay for until January 15. Winters follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry needed on December 31 to accrue this cost is:
A. Debit Accounts Payable $385; credit Cash $385. B. Debit Accounts Payable $385; credit Supplies $385. C. Debit Supplies Expense $385; credit Cash $385. D. Debit Supplies $385; credit Accounts Payable $385. E. Debit Supplies Expense $385; credit Supplies $385.
Contribution margin per unit is calculated as selling price per unit less fixed costs per unit
Indicate whether the statement is true or false
A certificate of deposit of $30,000 maturing in 2 months is an example of:
a. cash equivalent. b. cash. c. bonds. d. long–term investment.