Which of the following statements is TRUE of the Federal Labor Relations Act?
a. It is also known as the Equal Employment Opportunity Act.
b. It created the National Labor Relations Board.
c. It makes it mandatory for federal employees to join a union.
d. It excludes wages and benefits from the scope of negotiable issues.
d
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Which of the following is true about environmental impact statements?
A) The public is not allowed to comment on environmental impact statements. B) They are required only for projects where the federal government itself undertakes the actual construction of the project. C) Private activities also require an environmental impact statement. D) They can be used in court as evidence in a lawsuit challenging an action as violating the National Environmental Policy Act. E) All federal, state, and local governmental actions require an environmental impact statement.
Alan just bought 100 shares of Global, Inc. (GLO) at $45 per share and as protection he also bought a three-month put with a $45 strike price at a cost of $400
One of two scenarios is expected to occur in the next three months: (a) GLO stock declines to $33; and (b) GLO stock rises to $61. Calculate the profit or loss under each scenario and explain how the hedge has provided protection for Alan's position in GLO. Ignore transaction costs. What will be an ideal response?