"Long Ago,I Wanted to Join the AFL Union,the Amalgamated Butchers

question 1

Multiple Choice

"Long ago,I wanted to join the AFL union,the Amalgamated Butchers and Meat Cutters,they called it and wouldn't take me.Wouldn't let me in the union.Never said it to my face,but reason of it was plain.Negro.That's it.Just didn't want a Negro man to have what he should.That's wrong.You know that's wrong.Long about 1937 the CIO come.Well,I tell you,we Negroes was glad to see it come.Well,you know,sometimes the bosses,or either the company stooges try to keep the white boys from joining the union.They say,'you don't want to belong to a black man's organization.That's all the CIO is.' Don't fool nobody,but they got to lie,spread lyin' words around." What organization did Jim Cole accuse of racism?

• A) The AFL
• B) The CIO
• C) The WPA
• D) The NRA

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Definitions:

Financial Risk

The possibility of losing money on an investment or business venture, usually due to changes in market conditions or poor financial management.

Levered Firms

Companies that use debt in addition to equity in their capital structure.

Unlevered Firms

Companies that operate without the use of borrowed money or financial leverage.

M&M Proposition II

A theory proposing that the cost of equity for a leveraged firm increases linearly with its level of debt, holding the cost of debt constant.