A(n) ____ Is an Organization of Workers with a Specific

question 91

Multiple Choice

A(n) ____ is an organization of workers with a specific skill or trade banded together to achieve economic goals.

• A) craft union
• B) labor federation
• C) industrial union
• D) employee association

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Definitions:

Selling Expenses

Expenses directly related to the sale of goods or services, like marketing expenses and wages for sales personnel.

Administrative Expenses

Costs related to the general administration of a business, such as salaries of senior executives, legal and accounting services.

Product Costs

The total costs associated with making a product, including direct materials, direct labor, and manufacturing overhead.

Variable Cost

Costs that change in proportion to the level of production or business activity, such as materials and labor costs.