The Wagner Act

question 6

Multiple Choice

The Wagner Act:

• A)made it clear that the terminology "restraint of trade" was not meant to include labor organizations or activities.
• B)gave workers for the first time the unequivocal right to organize and engage in concerted activities for their mutual aid and benefit.
• C)identified as unfair labor practices certain activities unions used to exercise economic leverage over employers as part of the collective bargaining process.
• D)ensured employers' right to speak out in opposition to union organizing-in effect,protecting their First Amendment right to freedom of speech.

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Definitions:

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Market Price

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Acid-Test Ratio

A financial indicator that evaluates the capability of a firm to settle its short-term obligations using its most readily convertible assets, not including inventory.

Year-End Balance Sheet

A financial statement that displays a company's assets, liabilities, and stockholders' equity as of the last day of the financial year.