Answer the following statements true (T) or false (F)
1. The fact that U.S. labor law has remained largely unchanged since the Landrum-Griffin Act of 1959 is evidence that there is little need or desire for reform.
2. Employment law is generally considered to include the broad class of laws that govern collective bargaining and collective rights of workers.
3. The employment-at-will doctrine states that employers have the right to fire employees and employees have the right to quit for any reason and at any time.
4. Some labor relations experts believe that the rise of employment law has served to replace collective bargaining as a way to ensure that workers are treated fairly in the workplace, rendering the NLRA obsolete.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
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Elkhorn, Inc., which has excess capacity, received a special order for 4,000 units at a price of $15 per unit. Currently, production and sales are anticipated to be 10,000 units without considering the special order. Budget information for the current year follows. Sales$190,000 Less: Cost of Goods Sold 145,000 Gross Margin$45,000 Cost of goods sold includes $30,000 of fixed manufacturing cost. If the special order is accepted, the company's income will:
A. increase by $2,000. B. decrease by $14,000. C. increase by $14,000. D. decrease by $2,000. E. None of the answers is correct.
Lasiter Corp reported net credit sales of $2,000,000 and cost of goods sold of $1,400,000 for 2016 . On January 1, 2016, accounts receivable was $250,000 . Amounts owed by customers increased by $20,000 during 2016 . Rounding to two decimal places, what is Lasiter's accounts receivable turnover rate for 2016?
a. 8.33 b. 8.00 c. 7.69 d. 7.41
Which of the following is a defensive strategic market plan?
A) a new market entry strategy B) an improve position strategy C) a harvest strategy D) a vertical integration strategy E) a horizontal integration strategy
Your marketing department is currently researching the age, race, and household structures of your target market. Which environment is being researched?
A) social and cultural B) competitive C) economic D) legal E) political