National Unions

question 45

Multiple Choice

National unions:

• A) are umbrella organizations like the AFL-CIO
• B) are all affiliated with the AFL-CIO
• C) develop the general policies and procedures by which local unions operate
• D) serve as the primary arbitrator in employee-employer disputes
• E) routinely assist local unions in grievance-handling

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Definitions:

Work in Process

Stock consisting of materials that are in the process of being transformed into final products but have not reached completion.

Finished Goods

Items that have completed the manufacturing process but have not yet been sold to customers.

Raw Materials Inventory

Stocks of the basic materials that are required to manufacture goods, kept on hand.

Raw Materials

The fundamental components used to create or produce goods.