The "Twenty-Four Hour" Rule Means That

question 18

Multiple Choice

The "Twenty-Four Hour" Rule means that:

• A) the NLRB will, as a rule, investigate an election petition within 24 hours after
• Receipt.
• B) there can be no handbilling before 24 hours of the election
• C) the employer cannot make a "captive audience" speech within 24 hours of the
• Election.
• D) the election must take place within a 24-hour period to assure that everyone has an
• Opportunity to vote.
• E) all of these

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Definitions:

Modified Accelerated Cost Recovery System (MACRS)

A method of depreciation in the United States that allows for a faster write-off of asset value for tax purposes.

Depreciation Method

A systematic approach to allocate the cost of a tangible asset over its useful life, reflecting the asset's wear and tear, decay, or decline in value.

Tax Purposes

The phrase "For Tax Purposes" refers to any actions or decisions made specifically to comply with tax laws and regulations, including the calculation of taxable income, deductions, and credits.

Financial Statement

Papers that present a summary of a corporation's financial status, covering balance sheets, income statements, and statements of cash flows.