The AFL-CIO,an Union,and the National Federation of Independent Business,are Both

question 22

Multiple Choice

The AFL-CIO,an union,and the National Federation of Independent Business,are both voluntary groups with the purpose of advancing member interests.They are examples of _____.

• A)mutual-benefit organizations
• B)nonprofit organizations
• C)volunteer co-ops
• D)for-profit organizations
• E)trade alliances

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Definitions:

Exchange Rates

A financial metric that determines how much one currency is worth in terms of another. It facilitates international trade and investment.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in a net profit or loss.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Exchange Rates

The price of one currency in terms of another currency, which determines how much of one currency can be exchanged for another.