Explain the actions that management and labor unions can take to prepare for collective bargaining.
What will be an ideal response?
Answers will vary. The goal of the collective-bargaining process is to produce agreement on a binding labor contract that will define various dimensions of the employment relationship for a specified period of time. Thus, it is incumbent on both management and union leaders to be adequately prepared for a bargaining and negotiation period because the outcome of a labor negotiation will have long-term effects on both parties. Management can take several actions to prepare for collective bargaining. For example, a firm can look closely at its own financial health to work out a realistic picture of what it can and cannot offer in terms of wages and salaries for its employees. Management can also conduct a comparative analysis to see what kinds of labor contracts and agreements exist in similar companies and what this particular labor union has been requesting-and settling for-in the past.A union can and should undertake several actions to be effectively prepared for collective bargaining. It too should examine the financial health of the company through sources such as public financial records. Like management, the union can also determine what kinds of labor agreements have been reached in other parts of the country and can determine what kinds of contracts other divisions of the company or other businesses owned by the same corporation have negotiated recently. See 11-4: The Collective-Bargaining Process
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Increases or decreases in net income always increase or decrease cash by the same amount
a. True b. False Indicate whether the statement is true or false
An example of a firm's use of a different set of accounting principles for financial reporting and for income tax reporting is
a. the allowance method for financial reporting and the direct write-off method for income tax reporting. b. the direct write-off method for financial reporting and the allowance method for income tax reporting. c. the direct write-off method for financial reporting and the percentage of sales method for income tax reporting. d. the allowance method for financial reporting and the percentage of payables method for income tax reporting. e. none of the above.
Palette Paints, Inc expends funds and takes steps to ensure that all employees are safe on the job, that all products are safe for consumers, and that the environmental impact of the corporation is minimal. Palette Paints appears to believe in the concept of? A)?the moral minimum
B)?corporate social responsibility. C)?the categorical imperative. D)?utilitarianism.
The ____________________ symbol is used for determining whether or not a value is less than or equal to a specified search condition
Fill in the blank(s) with correct word