The Sherman Antitrust Act, Passed by Congress in 1890, __________________

question 16

Multiple Choice

The Sherman Antitrust Act, passed by Congress in 1890, __________________.

• A) protected the big oil companies from civil suits
• B) authorized the criminal prosecution of corporations engaged in monopolistic practices
• C) granted FBI Director William Sherman extensive powers in the investigation of big business
• D) allowed greater investigation of illegal immigrants

Explain the significance of the Occupational Safety and Health Act of 1970.

Understand the functions and roles of the National Labor Relations Board.

Recognize factors influencing union meetings and member participation.

Identify trends and factors contributing to the decline or growth of union membership in the U.S.

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Definitions:

Profit Margin

The percentage difference between a product's selling price and the cost to produce it, indicating the financial health and profitability of a business.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues, indicating financial performance over a period.

Operating Income

The profit realized from a business's normal operational activities, calculated before tax by subtracting operating expenses from gross profit.

Gross Profit

The financial performance metric that subtracts the cost of goods sold (COGS) from revenue, indicating how efficiently a company produces or sources its products.