According to the Text, All of the Following Happened in the 1950s

question 4

Multiple Choice

According to the text, all of the following happened in the 1950s and 1960s except that

• A) the American Federation of Labor (AFL) and the CIO grew further apart, extinguishing hopes that they would ever merge.
• B) many managers reluctantly accepted unions as legitimate bargaining agents.
• C) as a result of unions, workers' security, living standards, and political influence all increased.
• D) labor's gains were attained through strikes whose rate of incidence was higher than in any other Western democracy.
• E) contracts in one industry became the basis for contracts in other industries.

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Definitions:

Growing Annuity

A series of periodic payments that grow at a constant rate for a specific number of periods.

Cash Flow Growth

An increase in the amount of money moving in and out of a business over a specific period, indicative of its financial health and operational efficiency.

Loan Principle

The original sum of money borrowed in a loan agreement, which does not include interest or other charges.

Interest Rate

The fraction of a quantity of money that is required as payment for lending it, often stated on a yearly basis.