Which of the Following Most Accurately Indicates Changes in the Size

question 238

Multiple Choice

Which of the following most accurately indicates changes in the size of the union sector in the United States?

• A) As a share of the labor force, union membership grew substantially during 1935 through 1955 but has declined substantially since the mid-1950s.
• B) As a share of the labor force, union membership declined substantially during 1935 through 1955 but has grown substantially since the mid-1950s.
• C) As a share of the labor force, union membership has steadily grown from less than 10 percent in 1935 to more than 40 percent today.
• D) Union membership has been approximately 20 percent of the labor force during the last five decades.

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Definitions:

Asset Turnover Ratio

A ratio measuring how effectively a business uses its assets to produce sales income.

Property, Plant, and Equipment

Tangible long-term assets owned by a business, used in the production or supply of goods and services, such as buildings, machinery, and vehicles.

Accumulated Depreciation

It represents the total amount of depreciation expense that has been recorded for an asset over its life.

Intangible Assets

Non-physical assets owned by a business, such as patents, trademarks, and copyrights.