Geraldo Works on the Assembly Line for a Major Automobile

question 222

Multiple Choice

Geraldo works on the assembly line for a major automobile manufacturer. He was hired for the job without any specific training or skill. Geraldo joined a union with other assembly-line workers who perform a variety of jobs that do not require a highly specialized skill. Geraldo belongs to a(n) :

• A) industrial union.
• B) craft union.
• C) assembly union.
• D) traditional union.

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Definitions:

Accounting Principles

The rules and guidelines that companies must follow when reporting financial data and accounting information.

Proprietorships

Business entities owned by one individual, where there is no legal distinction between the owner and the business.

Partnerships

A form of business organization in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a partnership agreement.

Cooperatives

Business organizations owned and operated by a group of individuals for their mutual benefit, where members democratically control the operations and profits are distributed according to each member's contribution.