Sandy Had a Beginning Balance on Her MasterCard Statement of $300

question 42

Multiple Choice

Sandy had a beginning balance on her MasterCard statement of $300. This month she had purchases of $400, payments of $300, and a $100 cash advance. To avoid interest charges, Sandy must make a payment of

• A) $400.
• B) $500.
• C) $100.
• D) Sandy cannot avoid interest charges because of the cash advance.

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Definitions:

Union Members

Individuals who belong to a labor union, an organization that represents workers' interests in negotiations with employers over wages, benefits, and working conditions.

Union Shop

All employees must join the union, usually within 30 days after they are hired.

Closed Shop

An employer may hire only union members; outlawed under the Taft-Hartley Act.

Craft Union

A labor organization representing workers who practice the same craft or trade, aiming to negotiate better wages, conditions, and rights for its members.