Describe the main points of the Railway Labor Act of 1926, the National Labor Relations Act of 1935, and the Labor Management Relations Act of 1947.
What will be an ideal response?
The Railway Labor Act of 1926 was enacted to force negotiation between labor and management, first in railroads and later in the airlines, to prevent shutdown of these critical services.
The National Labor Relations Act of 1935 was the first major law to deal with the rights of labor to form unions in the general workforce and collectively bargain with employers. It identified unfair labor practices for management in negotiating with labor organizations.
The Labor Management Relations Act of 1947 was an amendment to the NLRA that focused on unfair labor practices on the part of unions and other labor organizations. It outlawed or restricted a variety of strikes and boycotts, and it also allowed the states to pass right-to-work laws.
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Services, as opposed to physical products,
A. never require the presence of the consumer in order to be performed. B. are usually produced and consumed in different time frames. C. are usually sold first, and then produced. D. may be stored for later use. E. None of these answers is correct.
A company may retire bonds by all but which of the following means?
A. Exercising a call option. B. Purchasing the bonds on the open market. C. The holders converting them to stock. D. Paying them off at maturity. E. Paying all future interest and cancelling the debt.
Judy has $2,000 for a down payment on a vehicle and she can afford monthly payments of $400. She wants to finance a vehicle over no more than 4 years. If lenders are currently offering 6% interest on 5-year loans, what is the maximum price Judy can pay for a vehicle?
An auditor would most likely be use word processing software for what purpose?
A. Preparing an audit plan. B. Obtaining a sample selection. C. Preparing a trial balance. D. Performing analytical procedures.