According to the industrial relations school, how are efficiency, equity and voice achieved in society? What does this school of thought have to say about the role of government and unions?
What will be an ideal response?
According to the industrial relations school, efficiency, equity and voice can only be achieved when there is a balance of power between employers and their employees. Balance of power is only possible when workers have the right to collectively bargain with their employers through independent unions.
In this school of thought government can play a role in establishing minimum standards and preserving the right for workers to unionize and bargain collectively. Unions are the main mechanism, however, through which efficiency, equity and voice are achieved. They are therefore critical to achieving balance.
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Earnings retained in a corporation are recorded by closing the income summary account to the ____________________ account at the end of the period
Fill in the blank(s) with correct word
Which of the following statements is CORRECT?
A. Suppose a firm that has been earning $2 and paying a dividend of $1.00, or a 50% dividend payout, announces that it is increasing the dividend to $1.50. The stock price then jumps from $20 to $30. Some people would argue that this is proof that investors prefer dividends to retained earnings. Miller and Modigliani would agree with this argument. B. Other things held constant, the higher a firm's target dividend payout ratio, the higher its expected growth rate should be. C. Miller and Modigliani's dividend irrelevance theory says that the percentage of its earnings that a firm pays out in dividends has no effect on its cost of capital, but it does affect its stock price. D. The federal government sometimes taxes dividends and capital gains at different rates. Other things held constant, an increase in the tax rate on dividends relative to that on capital gains would logically lead to a decrease in dividend payout ratios. E. If investors prefer firms that retain most of their earnings, then a firm that wants to maximize its stock price should set a high dividend payout ratio.
Which of the following is true of a positive semi-definite variance-covariance matrix
A. All elements of the matrix are positive B. The determinant of the matrix is positive C. The matrix has ones on the diagonal D. The matrix is internally consistent
Describe a navigation diagram
What will be an ideal response?