The First U.S. Labor Unions Were Organized by

question 43

Multiple Choice

The first U.S. labor unions were organized by

• A) Industry, with a focus on local employment issues.
• B) Industry, with a focus on national employment issues.
• C) Craft lines, with a focus on local employment issues.
• D) Craft lines, with a focus on national employment issues.

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Definitions:

Par Value

Par value is the face value of a bond or the stock value stated in the corporate charter, below which shares cannot be issued.

Installment Note Payable

A liability representing a loan that requires regular payments or installments over a specified period until the full principal and interest are paid.

Interest Expense

The amount an entity pays over time for the use of borrowed funds.

General Journal Entry

A general journal entry is a record of financial transactions in the accounting records of a business.