Which of the Following Is Shown by a Comparison of Union

question 43

Multiple Choice

Which of the following is shown by a comparison of union membership in the private sector with union membership in the public sector?

• A)A much higher percentage of workers in the private sector belong to unions.
• B)A much higher percentage of workers in the public sector belong to unions.
• C)The percentage of workers belonging to unions is virtually identical in the two sectors.
• D)While a slightly greater percentage of workers in the private sector currently belong to unions, public sector unions are growing at a much faster rate.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, represented as an expense on the income statement.

Discount Rate

The discount rate employed to calculate the current value of future cash flows in a discounted cash flow assessment.

Borrower

An entity or individual that receives funds from another party with the agreement to return the principal amount along with interest.

Federal Income Tax

The tax levied by the national government on the annual income of individuals, corporations, trusts, and other legal entities.