Answer the following statements true (T) or false (F)
The key belief that distinguishes the mainstream economics school from the institutional labor economics school (or industrial relations school) is the notion that labor markets can live up to the ideal of perfect competition.
According to the industrial relations school, market imperfections create a significant imbalance of power to the point that employers can exercise a vast degree of control and influence over their employees.
Proponents of the industrial relations school of thought, are concerned with finding ways to increase workers' bargaining power through collective bargaining.
The underlying theme of the critical industrial relations school of thought is that the class that holds the greatest power in society can dictate the rules and control institutions in ways that serve their own interests, hence keeping others from improving their lot in life.
According to the critical industrial relations school, the cause of the labor problem is that the capitalistic class has control over both society's institutions and the means of production.
TRUE
TRUE
TRUE
TRUE
TRUE
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The contributed capital of a corporation does not include
A) additional paid-in capital. B) preferred stock. C) the stated value of common stock issued. D) retained earnings.
Racer Corp. acquired all of the common stock of Tangiers Co. in 2016. Tangiers maintained its incorporation. Which of Racer's account balances would vary between the equity method and the initial value method?
A. Investment in Tangiers Co., Equity in Subsidiary Earnings, and Retained Earnings. B. Expenses, Investment in Tangiers Co., and Equity in Subsidiary Earnings. C. Goodwill, Investment in Tangiers Co., and Retained Earnings. D. Expenses, Goodwill, and Investment in Tangiers Co. E. Common Stock, Goodwill, and Investment in Tangiers Co.
A(n) ________ contract is a contract that at its formation has an illegal object or serious defects
A) executory B) executed C) void D) voidable
In order to be accommodating to older workers, it's best to assume that they might need help with advanced technologies
Indicate whether the statement is true or false