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.
You might also like to view...
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
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
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.
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.