Ima, Boyd, and Their Fellow Employees at Endrun Work on an Assembly

question 217

Multiple Choice

Ima, Boyd, and their fellow employees at Endrun work on an assembly line and do not have a specialized skill. If they are successful in their quest to set up a union, they would probably be represented by a(n) ________ union.

• A) craft
• B) industrial
• C) freelance
• D) traditional

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Definitions:

Cash Discount

A deduction from the invoice price offered by a seller to encourage prompt payment by the buyer.

Payment Terms

The conditions under which a seller will complete a sale, typically specifying the period allowed to a buyer to pay off the amount due.

Invoice

A document issued by a seller to a buyer indicating the products or services provided, their quantities, and the agreed prices for products or services the seller has provided but not yet been paid for.

Debt

Money owed by one party to another.