Describe what collective bargaining is and give some examples of the kinds of things that might be addressed in the collective bargaining process.
Fill in the blank(s) with the appropriate word(s).
Collective bargaining occurs when representatives of the employer and representatives of its workers negotiate the terms and conditions of employment. Efficiency, equity, and voice are achieved through collective bargaining. Examples of items that may be addressed in the collective bargaining process include compensation (wages, benefits, vacations/holidays, profit sharing job standards), personnel policies and procedures (layoff, promotion, transfer policies, overtime and vacation rules), employee rights and responsibilities (seniority rights, job standards, and workplace rules), employer rights and responsibilities (management rights, just cause discipline and discharge, subcontracting, and safety standards), union rights and responsibilities (recognition as the bargaining unit, bulletin board, union security, dues checkoff, shop stewards, no strike clauses), and dispute resolution and ongoing decision-making (grievance procedures, committees, consultation, and renegotiation procedures).
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Prayer Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningCustomizingMachine-hours 19,000 13,000Direct labor-hours 1,000 8,000Total fixed manufacturing overhead cost$110,200$68,800Variable manufacturing overhead per machine-hour$2.00 Variable manufacturing overhead per direct labor-hour $3.60 The estimated total manufacturing overhead for the Machining Department is closest to:
A. $38,000 B. $148,200 C. $299,725 D. $110,200
Joe Smith argues that "learning how to do business analysis and valuation using financial statements is not very useful, unless you are interested in becoming a financial analyst.". Comment
According to the pyramid of corporate social responsibility, which component involves being a good corporate citizen, contributing resources to the community and improving the quality of life?
A. Philanthropic responsibilities B. Ethical responsibilities C. Legal responsibilities D. Economic responsibilities
A company that uses lead scoring numerically rates its best prospective customers to identify traits that make the customer more likely to purchase.
Answer the following statement true (T) or false (F)