Sole Proprietorship, Partnership, and Corporation Are the Three Legal Forms

question 16

True/False

Sole proprietorship, partnership, and corporation are the three legal forms of
business ownership.

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Definitions:

Wagner Act

Also known as the National Labor Relations Act of 1935, it established the legal right for workers to join unions and engage in collective bargaining in the US.

NIRA

The National Industrial Recovery Act of 1933, a U.S. law aimed at boosting economic recovery, reducing unemployment, and promoting industrial growth during the Great Depression.

Unionization Rights

Legal rights and protections that allow workers to form, join, or assist a union without fear of discrimination or retribution.

Wagner Act

United States legislation officially known as the National Labor Relations Act of 1935, which established the rights of employees to engage in collective bargaining and to form and join labor unions.