__________ Occur When a Union Encourages Third Parties Such as Customers

question 18

Multiple Choice

__________ occur when a union encourages third parties such as customers and suppliers to stop doing business with the company.

• A) Strikes
• B) Boycotts
• C) Secondary boycotts
• D) Lockouts

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Definitions:

Cost of Goods Sold

The total cost of all materials, labor, and overhead used to produce goods sold by a business during an accounting period.

Merchandise Inventory

Goods that a company holds for the purpose of selling them to customers, often a significant current asset on the balance sheet.

Accounts Payable

Liabilities of a business that represent money owed to creditors for goods and services purchased on credit.

Accounts Payable

the amount a company owes to suppliers or creditors for goods and services bought on credit.