Joining a Union, Whether Recognized by the Employer or Not

question 97

True/False

Joining a union, whether recognized by the employer or not, is an activity protected under the National Labor Relations Act (NLRA).

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Definitions:

Income Summary

An account used in the closing process that summarizes the revenue and expenses of an accounting period to determine the net income or loss.

Capital Account

An account showing the net worth of a business at a specific point, calculated as assets minus liabilities and preferred stock.

Revenues

The total income generated from normal business operations, often from the sale of goods and services.

Expenses

Expenses that a company incurs while generating income.