Answer the following statements true (T) or false (F)
1. The reserved rights clause in a collective bargaining contract is aimed at preserving the
union's right to represent the company's workers.
2. Using the court system instead of a formal grievance process would likely speed up the
resolution of workplace disputes and reduce costs.
3. Nearly every public and private sector union contract in the U.S. has a grievance procedure to
resolve disputes in contract interpretation and administration.
4. The final step of most union grievance procedures is to appeal the decision to the NLRB.
5. The key concern with nonunion grievance procedures is that they lack due process
protections.
1. FALSE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
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Alice and Bart enter into a contract for the sale of Canyon Ranch. To be enforceable, this contract must be
A. substantiated by reliable, external evidence. B. signed in a sufficient manner by both parties. C. in writing or evidenced by a written memorandum. D. all of the choices.
Rhoads Corporation is considering a capital budgeting project that would require an investment of $160,000 in equipment with a 4-year expected life and zero salvage value. Annual incremental sales will be $460,000 and annual incremental cash operating expenses will be $330,000. The company's income tax rate is 30% and the after-tax discount rate is 15%. The company uses straight-line depreciation on all equipment; the annual depreciation expense will be $40,000.Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting.See separate Exhibit 13B-1 to determine the appropriate discount factor(s) using table. The net present value of the project is closest to:
A. $134,168 B. $97,040 C. $178,252 D. $252,000
The following is a summary of the increases in the account categories of the balance sheet of Riley Company for the most recent fiscal year: Assets $187,000 Liabilities $45,000 Capital Stock 125,000 Additional Paid-in Capital 12,000 The only change to retained earnings during the fiscal year was for $20,000 of dividends. What was the company's net income for the fiscal year?
a. $25,000 b. $15,000 c. $5,000 d. $20,000
Which performance appraisal method is most associated with file folders of positive and negative performance of employees?
A. Narrative method B. BARS C. Critical incidents D. MBO E. Ranking method