QUESTION Risk management is the process of protecting a company’s assets and earning power by reducing or avoiding the threats posed by speculative risks. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Risk management is the process of protecting a company’s assets and earning power by reducing or avoiding the […]
QUESTION While bargaining over the workplace safety issue, which of the following strategies is most beneficial in keeping the process moving ahead in good faith? A) Be aware that each side needs to show that it has obtained important concessions. B) Be as flexible as possible with the objectives behind each bargaining move. C) Warn […]
QUESTION A large automobile manufacturer was forced to shut down for six days because of a long-term blackout in town, but insurance covered income loss and expenses. That means the company had business-interruption service. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Business-interruption insurance covers loss of income and expenses […]
QUESTION The impasse continues, and the UFCW threatens to call a strike during the high-demand period of spring. What is the most prudent response that management could use to try to overcome the breakdown in negotiations? A) Institute proceedings to decertify the union’s right to bargain at the greenhouse. B) Run the greenhouse for several […]
QUESTION The union election results in approval of the union; however, Texas is a right-to-work state. Which of the following issues does the UFCW have the power to discuss during collective bargaining? A) requiring new employees to be American citizens and speak fluent English B) requiring that greenhouse materials be purchased from facilities represented by […]
QUESTION It quickly becomes apparent that there is no medical consensus over whether the disputed pesticide causes long-term medical effects when used according to directions. Management, therefore, does not want to discontinue use of the pesticide as replacing it would be costly; however, it proposes to provide more detailed instructions to avoid misuse of the […]
QUESTION Torgo’s CEO takes the position that opening permanent operations in Sri Lanka will benefit the company as well as Sri Lanka itself. Which of the following, if true, most weakens the CEO’s position? A) Asian countries tend to have large amounts of inexpensive labor available. B) Torgo Software employs some of the best IT […]
QUESTION After the contract has been negotiated and approved by both sides, a situation arises in which a new employee is slightly sickened when a supervisor instructed her to enter a greenhouse too soon after fumigation. The worker, accompanied by a union steward, presents a grievance to the supervisor, who insists that the injury was […]
QUESTION Which of the following, if true, most strengthens the CEO’s argument for undertaking operations in Sri Lanka? A) The cost of living is much lower in Sri Lanka than in the United States. B) Few other similar companies do business in Sri Lanka. C) Unemployment is currently very low in Sri Lanka. D) Labor […]
QUESTION Which of the following is the LEAST appropriate way to engage in offshoring operations? A) Choose offshoring companies and suppliers in which candidates meet a complete set of requirements. B) Commit to consistently effective communication with offshore suppliers. C) Collaborate with chosen suppliers so as to develop their competencies. D) Give offshore suppliers as […]
