Necessary Value Is the Amount Necessary To

question 57

Multiple Choice

Necessary value is the amount necessary to:

• A) support a worker
• B) keep the corporation in operation
• C) make a profit
• D) pay the CEO a good bonus
• E) pay taxes to the government

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Definitions:

NLRB

The National Labor Relations Board, a federal agency overseeing the enforcement of U.S. labor laws regarding collective bargaining and unfair labor practices.

Taft-Hartley Act

A federal law enacted in 1947 that prohibits certain union practices and requires disclosures by unions, intending to protect the rights of union members and management.

Fringe Benefits

Additional benefits offered to employees beyond their normal wages or salaries, such as health insurance, paid vacation, and retirement plans.

Boycotting Meetings

involves intentionally avoiding or abstaining from attending meetings as a form of protest or dissent.