Which of the Following Does Not Describe the Historical Patterns

question 12

Multiple Choice

Which of the following does not describe the historical patterns of unionization and strike activity in the United States?

• A) The percent of workers involved in a strike has steadily decreased over the last 40 years.
• B) The percent of public sector employees who are in a union remained relatively constant from 1950 to 2010.
• C) The percent of time lost to a strike has steadily decreased over the last 40 years.
• D) The percent of private sector employees who are in a union has steadily decreased over the last 40 years.
• E) Union membership did not change very much from 1900 to 1935.

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Definitions:

Translation Adjustment

A financial reporting adjustment made to convert financial statements in a foreign currency into the reporting currency of the business, reflecting changes in exchange rates.

Consolidated Balance Sheet

A financial statement that presents the assets, liabilities, and equity of a parent company and its subsidiaries as a single entity.

Functional Currency

The primary currency used by a business entity in its operations, which is generally the currency of the primary economic environment in which the entity operates.

Exchange Rate

The value of one currency for the purpose of conversion to another.