The National Labor Relations Act of 1935

question 153

Multiple Choice

The National Labor Relations Act of 1935

• A) Declared unions illegal.
• B) Established right-to-work states.
• C) Declared that management practices should be free of government interference.
• D) Declared unions legal.
• E) Protected employers' free speech rights.

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Definitions:

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted over time for the investing company's share of the investee's profit or loss.

Long-Term Investment

Assets that a company intends to hold for more than one year, including stocks, bonds, real estate, and other securities.

Acquisition Method

An accounting approach used for consolidating the financial statements of a parent company and its subsidiaries.