Many labor relations experts agree that there is a need to revise U.S. labor law. Why is there pressure to update the law and what kind of changes are being considered?
What will be an ideal response?
Because there has been no revision of labor law since 1959, many argue that the NLRA is outdated and ill-suited to today's work world. The clear distinctions between supervisory and nonsupervisory employees do not exist to the same extent that they did under a mass manufacturing model. Similarly, employers have become increasingly reliant upon undocumented immigrants but these workers are not entitled to the full benefit of the law's remedies. Third, although the NLRA protects the right to strike, the legal use of permanent strike replacements renders that protection meaningless. One change that has been proposed under the TEAM Act includes loosening the definition of company unions to make it easier to include "team-based" approaches to work organization and encourage employee participation programs. Changes proposed by EFCA would increase the penalties to employers for violating the law, streamline the union organizing process, and require arbitration in the case of "stalled" first contracts.
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When the online shore store Zappos collects information on the average dollar amount a customer spends in a single transaction, it is using descriptive analytics.
Answer the following statement true (T) or false (F)
Snuff-it had always promoted its various snuff products as being 100% pure It had approximately 60% of the market for this product
A competitor, Interesting Plant Products, without investigating Snuff-it's product, was bringing out a new line of snuff products which would be in direct completion with Snuff-it. Interesting Plants began an advertising campaign which suggested that Snuff-it's products were less than 100% natural, which was not the case. Which of the following is TRUE? A) A product cannot have a reputation which can be damaged B) Interesting Plants has committed the tort of injurious falsehood C) Interesting Plants has committed the tort of defamation. D) Snuff-It must prove actual loss for damages to be awarded E) Interesting Plants is merely engaged in normal business competition in a free market
Alden Corporation's most recent comparative Balance Sheet is as follows: Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$7,000 $12,000 Accounts receivable 11,000 2,000 Inventory 39,000 24,000 Long-term investments 23,000 9,000 Property, plant, and equipment 83,000 100,000 Less accumulated depreciation 66,000 62,000 Total assets$97,000 $85,000 Liabilities and Stockholders' Equity: Accounts payable$9,000 $28,000 Income taxes payable 1,000 2,000 Bonds Payable 16,000 10,000 Common Stock 42,000 30,000 Retained Earnings 29,000 15,000 Total liabilities and stockholders' equity$97,000 $85,000 Alden's net income was $34,000. No equipment was purchased and no long-term investments
were sold. There was a gain of $3,000 when equipment was sold. The accumulated depreciation on the equipment that was sold was $12,000. Cash dividends of $20,000 were declared and paid during the year.Required:Prepare Alden's statement of cash flows using the indirect method. What will be an ideal response?
Local Services, a voluntary health and welfare organization had the following classes of net assets on July 1, 20X8, the beginning of its fiscal year: Unrestricted$500,000 Temporarily restricted 100,000 Permanently restricted 1,000,000 During the year ended June 30, 20X9, the following events occurred:(1) It purchased equipment, costing $100,000, with contributions restricted for this purpose. The contributions had been received from donors during June of 20X8. (2) It received $130,000 of cash donations which were restricted for research activities. During the year ended June 30, 20X9, $90,000 of the contributions were expended on research. (3) It sold investments classified in the net assets with donor restrictions class for a loss of $40,000. Dividends and interest income
earned on the investments amounted to $70,000. There were no restrictions on how investment income was to be used. (4) It received cash contributions of $200,000 from donors who did not place either time or use restrictions upon their donations. (5) Expenses, excluding depreciation expense, for program services and supporting services incurred during the year ended June 30, 20X9, amounted to $260,000. (6) Depreciation expense for the year ended June 30, 20X9, was $80,000. Refer to the above information. On the statement of activities for the year ended June 30, 20X9, net assets with donor restrictions: A. increased $40,000. B. decreased $60,000. C. decreased $100,000. D. increased $130,000.