The Act That Made It Legal for Workers to Organize

question 17

Multiple Choice

The act that made it legal for workers to organize into unions was the

• A)Fair Labor Standards Act.
• B)Equal Pay Act.
• C)National Labor Relations Act.
• D)Civil Rights Act.

Recognize the importance of international organizations in facilitating global trade and cooperation.

Identify and analyze the factors contributing to the globalization of markets.

Examine the role and impact of raw materials in global trade.

Distinguish between different types of markets and economic concepts relevant to global trade.

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Definitions:

Trade Credit

An arrangement where a supplier allows a customer to purchase goods or services and pay for them at a later date.

Factoring

Factoring is a financial transaction where a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.

Capital Investment Analysis

The process of evaluating the potential returns of an investment in fixed assets or long-term projects versus its costs.

Risk-Return Trade-Off

The principle that potential return rises with an increase in risk.