The Truth About Unions Today Is That They

question 86

Multiple Choice

The truth about unions today is that they

• A) are not nearly as prominent and thus not as powerful as they were in the 1950s.
• B) are more powerful today than they were in the 1950s.
• C) are used less today because they have proved to be ineffective.
• D) have grown in size, giving them more money to pay their employees, but they have not increased their effectiveness in helping their members.
• E) will remain a powerful force in particular industries, regardless of their loss of prominence.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.

Infrequent Gain/Loss

Earnings or losses that arise from events that are not expected to recur regularly, distinguished from ordinary operational results.

Continuing Operations

The segments of a business expected to continue operating into the foreseeable future, excluding any discontinued operations.

Extraordinary Item

An unusual and infrequent gain or loss that is reported separately in the financial statements.