The Primary Purpose of Labour Unions Is to

question 92

Multiple Choice

The primary purpose of labour unions is to

• A)ensure that workers receive adequate safety training.
• B)ensure that all members earn identical incomes.
• C)negotiate with employers about wages and working conditions.
• D)endorse candidates and donate money to them.

---

Definitions:

Payee

is the party in a financial transaction who receives the payment.

Maker

In the context of finance, a maker is typically a party that creates or executes an order, often in trading or banking environments.

Receivables Turnover Ratio

A financial ratio that measures how effectively a company uses its assets by comparing net credit sales with average accounts receivable.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers for sales made on credit.