The Knights of Labor Had as Their Main Goal

question 20

Multiple Choice

The Knights of Labor had as their main goal

• A)improving the position of the "direct producers" through education and social reform.
• B)the 8-hour workday.
• C)encouraging working-class solidarity through strikes organized across trades.
• D)eliminating religious discrimination in hiring procedures.
• E)developing employee-owned businesses.

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Definitions:

Cost of Goods Sold

Costs directly related to the fabrication of goods a business sells, incorporating both materials and labor.

LIFO Inventory Valuation

An inventory costing method that assumes the last items placed in inventory are the first ones sold.

Perpetual Inventory System

A method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management.

Sales Revenue

Sales revenue refers to the income received from the sale of goods or services before any costs or expenses are deducted, serving as a primary source of business income.