Bonds Represent a Major Source of Long-Term Financing

question 167

Essay

Bonds represent a major source of long-term financing. What is a bond? Explain the major elements that must be in a bond issue.

Calculate sales taxes owed to the taxing agency based on total sales.

Identify and record the correct entries for sales transactions inclusive of sales tax.

Understand the concept of scarcity and its implications for the allocation of resources in an economy.

Explain the importance and role of capital and labor as resources in economic production.

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Definitions:

AFT

American Federation of Teachers, a labor union in the United States that represents teachers and other educational professionals.

Unionize

The act of forming or joining a union, or the process by which workers come together to negotiate with their employers collectively.

Employee Free Choice Act

Proposed legislation in the United States that aimed to make it easier for workers to form, join, or assist labor organizations and provide for mandatory injunctions for unfair labor practices during organizing efforts.

NLRB Certification Election Process

describes the procedure governed by the National Labor Relations Board (NLRB) in the United States, facilitating elections that determine whether employees wish to be represented by a union.