List and Briefly Describe the Purpose of the Four Major

question 50

Essay

List and briefly describe the purpose of the four major federal statutes that regulate and protect union activity. [This question can be offered as up to four separate questions.]

---

Definitions:

NPV

Net Present Value, a financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Interest Rate

The cost of borrowing money or the payment received for deposit funds, usually expressed as an annual percentage of the principal.

Wine Barrels

Standardized wooden or metal barrels used for aging, storing, and transporting wine.