The Central Authority Responsible for the Administration of the Federal

question 23

Multiple Choice

The central authority responsible for the administration of the Federal Service Labor-Management Relations Act (FSLMRA) is the:

• A)Federal Labor Relations Authority.
• B)National Labor Relations Board.
• C)Equal Employment Opportunity Commission.
• D)Homeland Security Labor Relations Board.

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Definitions:

Equilibrium Wage

The wage rate at which the quantity of labor supplied and the quantity of labor demanded are equal.

Price of Output

The amount of money charged for a product or service produced by a business or an economy.

Labor

The application of human physical and intellectual labor in the creation of goods and services.

Capital Equipment

Long-term assets acquired or used by a business for the production of goods and services, such as machinery, buildings, and vehicles.