Which of the Following Was Not a Primary Function of the American

question 127

Multiple Choice

Which of the following was not a primary function of the American Federation of Labor?

• A) Arbiter of disputes between local unions over jurisdiction.
• B) Coordinator of the bargaining and strike activities of several unions.
• C) Direct negotiator with employers over wages, hours and working conditions.
• D) Initiator of new union organizing drives.

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Definitions:

Lump-sum Price

This is a total amount agreed upon for a contract that is not itemized or broken down into individual costs or charges.

Relative Market Values

The comparison of an item’s market price to other similar items in the relevant market.

Depreciation Expense

The portion of the cost of a fixed asset that is considered as an expense due to its use, wear, and tear over time.

Estimated Useful Life

The length of time, usually expressed in years or periods, that an asset is expected to be used in business operations.