The National Labor Relations Act of 1935 Was Created To

question 9

Multiple Choice

The National Labor Relations Act of 1935 was created to:

• A) Define and prohibit unfair labor practices by unions
• B) Curtail corrupt union practices, by protecting workers from the unions that represent them
• C) Provide more specific guidelines to govern the relationship between organizations and employees
• D) Hold unions to the same fair labor practices that employers were required to follow

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Definitions:

360-Day Year

A financial convention that simplifies the interest calculation by assuming a year has 360 days.

Maturity Date

The specified date on which the final payment of a loan or financial instrument must be paid, at which point the principal (and all remaining interest) is due to be paid.

Leap Years

Years with 366 days, occurring every four years, to keep the calendar year synchronized with the astronomical year.

Surety Financing Company

A surety financing company provides financial guarantees for obligations made by the principal, ensuring contract completion in the event of default.