What Is True of a Craft Union

question 91

Multiple Choice

What is true of a craft union?

• A) It represents many different occupations.
• B) Membership in the union is the result of working for a particular employer in the industry.
• C) Changing employers is not very common.
• D) It is often responsible for training members through apprenticeships.
• E) It consists of members who are linked by their work in a particular industry.

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Definitions:

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in using its assets to generate revenue.

Average Total Assets

A measure used in financial analysis, calculated as the average of a company's total assets at the beginning and end of a period, providing insight into the investment in assets.

Sales

The total amount of revenue generated from the sale of goods or services by a company during a specific period.

Gross Method

An accounting method for recording purchases at the invoice price without deducting any cash discounts offered.