Unions Were Originally Formed

question 218

Multiple Choice

Unions were originally formed

• A) to make certain that there were an equal number of nonmanagement and management-level employees within the company.
• B) to uphold the state and federal laws under which businesses operate.
• C) to seek protection against unfair treatment.
• D) to seek worker corporate voting rights, the same as stockholders.

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Definitions:

Capital Account

In finance, it relates to a financial statement detailing the investment funds brought into and taken out of a company by its owners; in economics, it represents the part of the balance of payments recording net changes in a country’s foreign assets and liabilities.

Statement Of Partners' Equity

A financial document that shows changes in the equity interest of partners in a partnership over a period of time.

Partnership

A statutory business form that includes shared management responsibilities and profit distribution among several individuals.

Proprietorship

A business model where a single individual owns the company and is responsible for its assets and liabilities, also known as a sole proprietorship.