Most government employees do not have the right to strike, regardless of their reason for wanting to do so. Why are strikes generally prohibited in the public sector? (5 minutes)
What will be an ideal response?
Public sector strikes are prohibited for a variety of reasons (or the combination of these reasons). First, it is argued that striking against the government is an unacceptable threat to the supreme authority of the government. Second, it is argued that public sector employee bargaining power is too high because there are no market-based checks on their demands. Therefore, allowing public sector employees to strike will give them too much power to pressure an employer to concede to its demands. Third, it is argued that government services are too critical to be interrupted by a strike and that allowing strikes to occur in the public sector will pose a danger to the public.
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Answer the following statements true (T) or false (F)
1. When favorable variances are added to unfavorable variances, the result is always a total favorable variance. 2. Favorable and unfavorable variances are subtracted from each other to arrive at a net favorable or unfavorable variance. 3. Unfavorable variances are subtracted from each other to arrive at a favorable variance. 4. If both favorable and unfavorable variances exist, the variances are subtracted from each other. The variance is determined to be favorable or unfavorable based on which one is the larger amount.
Describe Porter's five forces in an organization's competitive environment.
What will be an ideal response?
Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2017. Selected account balances are available for the year ended December 31, 2018, and are stated in Euro, the local currency. Sales€400,000 Inventory (bought on February 1, 2018) 20,000 Equipment (bought on January 1, 2017) 90,000 Dividends (paid on September 1, 2018) 20,000 Accumulated depreciation - Equipment 12/31/18 45,000 Depreciation expense - Equipment, 2018 9,000 ??Relevant exchange rates for 1 Euro are given below:? January 1, 2017$0.91January 1, 20180.93February 1, 20180.94September 1, 20180.97December 31, 20181.014th quarter average, 20170.904th quarter average, 20180.98Average, 20180.95?Assume the functional currency is the U.S. Dollar; compute the U.S. income statement
amount for depreciation expense for 2018. A. $9,090. B. $8,550. C. $8,820. D. $8,370. E. $8,190.
MM Proposition I with taxes supports the theory that:
A) there is a positive linear relationship between the amount of debt in a levered firm and the firm's value. B) the value of a firm is inversely related to the amount of leverage used by the firm. C) the value of an unlevered firm is equal to the value of a levered firm plus the value of the interest tax shield. D) a firm's cost of capital is the same regardless of the mix of debt and equity used by the firm. E) a firm's weighted average cost of capital increases as the debt-equity ratio of the firm rises.