Question

Strand, Inc. is currently engaged in negotiations with one of its major unions. The company is covered by the LMRA. If Strand issues a factually correct statement regarding its financial status along with the opinion of its auditors that meeting the union demands would require the company to close down, it is likely that Strand will be in compliance with the act. True False

Answer 1

Answer: True

Step-by-step explanation:

The Labour Market Regulatory Authority is responsible for regulation of the labour market.

Based on the information given in the question, we can say that Strand will be in compliance with the act. Therefore, the answer is true.