The First Statute That Set Forth the Basic Private Sector

question 6

Multiple Choice

The first statute that set forth the basic private sector model of labor relations was the

• A) Civil Service Reform Act of 1978.
• B) Wagner Act of 1935.
• C) Pendleton Act of 1883.
• D) Taft-Hartley Act of 1947.

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Definitions:

Opportunity Cost

This represents the value of the best alternative foregone when a decision to pursue a certain action is made.

Given Budget

A specified sum of money allocated for a particular purpose, often within a fixed time period.

Price

The amount of money or its equivalent paid or charged for a product or service, or the sum of values that consumers exchange for the benefits of having or using the product or service.

Apples

Commonly refers to the fruit of the apple tree, a popular and widely consumed fruit around the world, or could symbolize computer products from Apple Inc., depending on context.