Which of the Following Statements Best Describes How the American

question 19

Multiple Choice

Which of the following statements best describes how the American Federation of Labour and Congress of Industrial Organizations (AFL-CIO) and Canadian Labour Congress (CLC) are related?

• A) The AFL-CIO is the major central labour organization in Canada the CLC belongs to the United States.
• B) The purpose of the CLC is social reform and it governs the specific terms and conditions of the AFL-CIO.
• C) The AFL-CIO and CLC operate independently in Canada.
• D) Most international unions in the CLC are also members of the AFL-CIO.
• E) The provincial, local, and district labour councils in Canada belong to the AFL-CIO but not the CLC.

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Definitions:

Carrying Value

The net book value of an asset or liability on a company's balance sheet, calculated as the original cost minus any depreciation, amortization, or impairment costs.

Bond Discount

is the difference between the face value of a bond and its selling price when the bond is sold for less than its face value.

Straight Line Amortization

A method for calculating the periodic reduction in the carrying amount of an intangible asset, spreading the cost evenly over its useful life.

Par Value Bonds

Bonds issued with a fixed face value that is to be repaid at maturity, often different from their market value.