The Taft-Hartley Act

question 7

Multiple Choice

The Taft-Hartley Act

• A) established the first minimum wage.
• B) allowed individual states to pass right-to-work laws prohibiting compulsory union membership.
• C) required management to bargain in good faith with union representatives.
• D) set up the process by which unions could be recognized as the exclusive bargaining agents for a group of workers.

---

Definitions:

Variable Manufacturing Overhead

Costs in the manufacturing process that fluctuate with the level of production output, such as utilities or materials that vary with production volume.

Cash Collected

The total amount of money received by a business during a given period from transactions.

Cash Collections

The process of gathering all cash or cash equivalents received from customers or clients for goods sold or services provided.

Finished Goods Inventory

This represents the value of all the goods that are completed and ready for sale but have not been sold yet.