All of the Following Have Been Given as Possible Reasons

question 160

Multiple Choice

All of the following have been given as possible reasons for a gradual decline in union membership except that

• A) firms moving to the Sunbelt tend to hire nonunion workers.
• B) federal laws makes union membership difficult.
• C) heavily unionized industries have not been growing as rapidly as nonunion industries.
• D) the largest growth seems to be in nonunion service industries.
• E) workers do not share the need to unionize because management satisfies their needs better today.

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Definitions:

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units.

Equivalent Units

An approach utilized in process costing to translate partially finished units into an equivalent number of completely finished units.

First-in

A principle often related to inventory valuation where the earliest goods purchased or produced are the first ones to be sold or used.

Conversion

The process of changing resources into finished products, or converting prospects into customers.