The Local Assembly,the Basic Unit in the Knights of Labor

question 47

Multiple Choice

The Local Assembly,the basic unit in the Knights of Labor:

• A) Could veto any matter raised by the Executive Board.
• B) Could veto any matter raised by the Executive Board and provided the major source of members.
• C) Provided the major source of members.
• D) Was often involved in a key KOL activity - the strike.
• E) Counted on financial support from the KOL during strike actions.

---

Definitions:

IAS 41

The International Accounting Standard that deals with the accounting for agriculture, including the recognition and measurement of biological assets.

Biological Assets

Living plants or animals that are held by an entity for the purpose of selling them, producing agricultural produce, or providing services.

Agricultural Produce

Products resulting from agricultural activities that have not been processed significantly, such as crops, livestock, and fisheries.

AASB 13

The Australian Accounting Standards Board document that defines fair value, provides a framework for measuring fair value, and requires disclosures about fair value measurement.