A Major Function of the National Labor Relations Board Is

question 234

Multiple Choice

A major function of the National Labor Relations Board is to

• A) monitor potentially inflationary increases in wages.
• B) provide compulsory arbitration so that strikes and lockouts do not occur.
• C) set annual wage increases on an industry-by-industry basis.
• D) investigate and rule on charges of unfair labor practices by either management or unions.

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Definitions:

Target Profit

The amount of net income a company aims to achieve for a specific period as part of its financial and operational planning.

Fixed Expense

Costs that do not change with the level of goods or services produced by the business, such as rent or salaries.

Break-even Point

The point at which total revenue equals total costs, resulting in no profit and no loss for the business.

Sales Dollars

This term represents the total amount of revenue a company generates from the sale of its goods or services, expressed in dollars.