Is a successor under an obligation to hire the employees of its predecessor?
The successor is not obligated to hire the employees of its predecessor. However, it cannot discriminate against union members in its hiring to avoid being designated a Burns successor. That is, a new owner cannot have a hiring policy that excludes union members from consideration for a job simply because of their union membership at the predecessor's establishment.
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Which of the following statements is true?
a. Investments in commercial paper or U.S. Treasury bills must be treated as cash equivalents. b. Investments in stock cannot be treated as cash equivalents because they are not convertible into a known amount of cash. c. Investments which are convertible into a known amount of cash and mature within three months after the balance sheet date are treated as cash equivalents. d. Investments in money market accounts cannot be treated as cash equivalents because they do not have a specific maturity date.
The only accounts that are closed are income statement accounts
Indicate whether the statement is true or false
In an adaptive process, ______.
A. the POP is flexible and can be adjusted to employ techniques of all manufacturing processes, such as MTS, ATO, MTO, and ETO B. the POP is fixed, provided the manufacturing process is ETO C. the POP is fixed, provided the manufacturing process is MTS D. the POP is subject to government regulations
In an A-B-C classification system, the B-class of products represent 30 percent of costs and 50 percent of products
Answer the following statement(s) true (T) or false (F)