The protection of an individual's right to his or her property has become one of our most important rights
Indicate whether the statement is true or false
T
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A company purchased machinery by issuing 2,000 shares of $3 par value common stock. Since the company is new, there is no established market price for its stock. How would the company record the transaction?
a. In terms of the par value of the stock issued. b. At the fair market value of the machine. c. At the cost recorded by the previous owner of the machine. d. Recording the transaction would be postponed until a market price for the stock could be determined.
The maximum number of shares of common stock that may be issued according to the corporation's charter is referred to as
a. authorized shares. b. outstanding shares. c. unissued shares. d. issued shares.
Leadership skills research attempts to ______.
A. identify largely fixed abilities in leaders B. identify multiple behaviors in leaders C. identify personality factors of leadership D. identify competencies that can be acquired by leaders
Answer the following statements true (T) or false (F)
According to the mainstream economics school of thought, unions are able to manipulate and control the supply of labor to a market just like monopolies control the supply of products to a market. According to the mainstream economics school of thought, the role of the government is to protect individual worker rights through legislation such as minimum wage laws, safety and health laws, and income protection benefits (e.g., unemployment compensation). According to the human resources school, unequal bargaining power is the primary cause of the labor problem. Proponents of the human resource management school would argue that scientific management and mass production were representative of poor management practices that contributed to the labor problem. The solution to the labor problem, according to the human resource management school, is to align worker interests with those of the employer.