Which of the Following Statements Regarding Union Membership Is FALSE

question 17

Multiple Choice

Which of the following statements regarding union membership is FALSE?

• A)Union membership in the U.S.has stayed the same over the past 30 years.
• B)In many major industrialized countries, union membership is still greater than 50%.
• C)South Africa has doubled in size in union membership.
• D)Europe still has a high proportion of workers who are union members.

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Definitions:

Equivalent Units

A term used in cost accounting to denote a conversion measure that expresses the amount of work done on partially completed units in terms of fully completed units.

Conversion Cost

The cost associated with converting raw materials into finished products, typically including labor and overhead expenses.

Equivalent Unit

A metric used in cost accounting to express the amount of work done on incomplete units as a proportion of work done on complete units.

Factory Overhead

Refers to the indirect costs associated with manufacturing, excluding direct materials and direct labor costs.