Which of the Following Statements Is True About the AFL-CIO

question 7

Multiple Choice

Which of the following statements is true about the AFL-CIO and CLC?

• A)The AFL-CIO is the major central labour organization in Canada.
• B)The purpose of the CLC is social reform
• C)The AFL-CIO and CLC operate independently, and have no common interests.
• D)Most international and national unions belong to the CLC.
• E)The local/district labour councils belong to both the CLC and AFL-CIO.

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Definitions:

Permanent Fund

A lasting fund created to support specific public purposes, generating income while preserving the principal amount.

Governmental Fund

A type of fund used by governmental entities to account for revenues, expenditures, and balances that are not accounted for in proprietary or fiduciary funds.

Bonds Payable

A liability account that represents the amounts owed by an entity to bondholders that must be repaid at a future date.

Governmental Fund Financial Statements

These are financial statements that report on the fiscal condition and the results of operations for governmental funds of a state, municipality, or similar entity.