In Addition to Economic Gains from Collective Bargaining, Industrial Unions

question 35

Multiple Choice

In addition to economic gains from collective bargaining, industrial unions are primarily concerned with which of the following?

• A) restricting entry into professions
• B) licensing and regulation of competitors
• C) training and educating members
• D) broad social issues in their community

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Definitions:

Owner's Equity

The portion of a company’s assets that belongs to the owners after liabilities have been deducted.

Supplies

Items that are used in the daily operations of a business or organization, often consumed in the process.

Accounts Receivable

Receivables from customers for products or services rendered by a company, awaiting payment.

Accounts Payable

An accounting entry representing a company's obligation to pay off a short-term debt to its creditors or suppliers.