The First National Labor Unions Began to Develop in the 1850s

question 27

Multiple Choice

The first national labor unions began to develop in the 1850s, due in part to:

• A) The advent of the rail industry which made it easier for union leaders to travel to various organizing points.
• B) Powerful labor leaders.
• C) Favorable legislation and courts that were friendly toward unions.
• D) Increasing emphasis on craft development.

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Definitions:

Net Operating Income

The total profit of a business after operating expenses are subtracted from gross profit but before incomes and taxes are deducted.

Return on Total Assets

A financial ratio that measures the profitability of a company in relation to its total assets.

Income Tax Rate

The percentage at which an individual or corporation is taxed on their income.

Interest Expense

The cost incurred by an entity for borrowed funds, typically reported on the income statement as a non-operating expense.