In 2009, the United Auto Workers union negotiated with Ford Motor Company a variety of ________, such as a $1/hour pay decrease and changes to overtime structure, designed to prevent Ford from declaring bankruptcy.   

A. union security clauses
B. right-to-work agreements
C. COLAs
D. givebacks
E. arbitration agreements


D. givebacks

During tough economic times, when a company (or, in the case of public employee unions, a municipality) is fighting for its very survival, management and labor may negotiate givebacks, in which the union agrees to give up previous wage or benefit gains in return for something else.

Business

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At split-off, the joint costs of production for joint products are not relevant to the sell-or-process-further decision

Indicate whether the statement is true or false

Business

Jessup Company expects to incur overhead costs of $20,000 per month and direct production costs of $125 per unit. The estimated production activity for the upcoming year is 1,000 units. If the company desires to earn a gross profit of $50 per unit, the sales price per unit would be which of the following amounts?

A. $195 B. $290 C. $415 D. $175

Business

To establish a prima facie case of religious discrimination, the employee has to show all of the following except which one:

a. That religion has been a significant part of the employee's life for a significant amount of time. b. That the employee has a sincerely held religious belief. c. That the employer was on notice that the religious belief was in conflict with the employer's request. d. That there was a negative employment action based on a conflict between the religious belief and the employment requirement.

Business

All of the following are sufficient indications to accept a project EXCEPT (assume that there is no

capital rationing constraint, and no consideration is given to payback as a decision tool) A) the net present value of an independent project is positive. B) the IRR of a mutually exclusive project exceeds the required rate of return. C) the NPV of a mutually exclusive project is positive and exceeds that of all other projects. D) the profitability index of an independent project exceeds one.

Business