The Organization for Economic Cooperation and Development (OECD),representing 30 Nations,issued

question 2

True/False

The Organization for Economic Cooperation and Development (OECD),representing 30 nations,issued a revised set of principles of corporate governance in 2004 to serve as a benchmark for companies and policymakers worldwide.

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Definitions:

Wartime Economy

An economic phase characterized by the reallocation of resources, production, and labor towards military efforts during times of war.

Revenue Act of 1916

A United States federal law that aimed to increase tax revenues for the preparation of World War I, imposing an excess profits tax and increasing estate and income taxes.

Espionage Act

A United States federal law passed in 1917 that was designed to prevent the support of U.S. enemies during wartime, making it a crime to promote insubordination in the military or to interfere with military recruitment.

AFL

The American Federation of Labor, a national federation of labor unions in the United States founded in 1886, focusing on better wages, hours, and working conditions.