The Knights of Labor Parted from Normal Labor Organization Because

question 106

Multiple Choice

The Knights of Labor parted from normal labor organization because they

• A)were organized by industry rather than by craft.
• B)were organized by craft rather than by industry.
• C)admitted only skilled labor.
• D)were relatively unorganized.
• E)sought only higher wages and better working conditions.

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Definitions:

Operating Income

Operating income is the amount of profit realized from a business's core operations, excluding taxes and interest expenses.

Negative Net Cash Flow

A situation where a company's outgoing cash exceeds the incoming cash during a specific period, indicating potential financial trouble.

Financial Statements

Structured reports that detail the financial performance of an organization, typically including the balance sheet, income statement, and cash flow statement.

Depreciation Expenses

The allocation of the cost of tangible assets over their useful lives, recognized as an expense on the income statement.