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:

Loss On Redemption

The financial loss incurred when a debt instrument, such as a bond, is repaid before its maturity date.

Effective-Interest Method

A method of calculating the amortized cost of a bond and the amount of interest expense over its relevant period.

Amortization

The process of spreading out the cost of an intangible asset over its useful life or the repayment of loan principal over time.

Interest Expense

The cost incurred by an entity for borrowed funds over a period, reflected in its income statement.