You Want to Go Skiing for the Day

question 45

Multiple Choice

You want to go skiing for the day. However, you realize you are scheduled to work. If you call in sick and do not go to work, the wages you will not earn (assuming you are an hourly employee) are considered a(n) :

• A) Differential cost
• B) Sunk cost
• C) Out-of-pocket cost
• D) Opportunity cost

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Definitions:

Taft-Hartley Act

A 1947 federal law in the United States that restricted the activities and power of labor unions, also known as the Labor Management Relations Act.

Wagner Act

A 1935 United States law officially known as the National Labor Relations Act, which guaranteed workers the right to form unions and bargain collectively.

Right-to-Work Laws

Right-to-Work Laws are statutes in some U.S. states that prohibit agreements between labor unions and employers that make membership or payment of union dues or fees a condition of employment, either before or after hiring.

Federal Housing Programs

are government initiatives designed to help ensure that Americans have access to affordable housing, including initiatives like public housing and the provision of housing vouchers.