Although Public Attitudes Toward Unions Had Softened by 1900

question 72

Multiple Choice

Although public attitudes toward unions had softened by 1900,

• A) workers almost never won a strike.
• B) Congress refused to recognize Labor Day as a federal holiday.
• C) most employers continued to fight organized labor.
• D) Congress declared the AFL illegal.
• E) workers began to turn toward the Socialist party.

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Definitions:

Service Cost

The actuarial present value of benefits earned by employees during a given period, included in the calculation of pension expense.

Actuarial Present Value

A calculation used to determine the present value of a future series of payments or receipts, taking into account variables such as mortality, investment earnings, and expense risks.

Net Periodic Pension Cost

The net periodic pension cost is the total expense recognized in a period related to an employer's pension plan, including service costs, interest costs, expected returns on plan assets, and any amortizations.