Individual Unions Are Not Allowed to Join the AFL-CIO (American

question 64

True/False

Individual unions are not allowed to join the AFL-CIO (American Federation of Labor-Congress of Industrial Organizations); the members need to be individual employees.

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Definitions:

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Captive Finance Company

A subsidiary whose primary purpose is to provide financing to customers buying the parent company's product, facilitating purchases and increasing sales.

Direct Leasing

A lease arrangement where the lessor purchases the asset and rents it directly to the lessee without involving intermediaries.

Lease Versus Buy

The decision-making process regarding whether to finance an asset through leasing or purchasing it outright.