The Railway Labor Act (RLA) of 1926 Was the Result

question 56

Multiple Choice

The Railway Labor Act (RLA) of 1926 was the result of a joint effort between railroad management and unions to_____.

• A) regulate the wages and benefits of railroad workers
• B) reduce the number of transportation strikes
• C) break the monopoly of railroad "barons" who controlled the railway industry
• D) allow the President to federalize railroads in the case of emergencies

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Definitions:

Back Orders

Orders for goods or services that cannot be filled at the current time due to lack of available stock, and are therefore put on hold until they can be fulfilled.

Overtime Cost

Overtime cost consists of additional expenses incurred when employees work beyond their regular working hours, typically paid at higher rates.

Regular Capacity

The maximum amount of work that a facility, workforce, or machine can complete under normal working conditions within a specific time period.

Yield Management

A pricing strategy that involves managing inventory or capacity to maximize revenue through variable pricing based on demand and supply conditions.