It Is Possible for the State Governments in Wisconsin,Ohio,and Michigan

question 43

Multiple Choice

It is possible for the state governments in Wisconsin,Ohio,and Michigan to attempt to alter the collective bargaining rights of firefighters,police officers,and teachers.Why?

• A)These states have voted to keep the Wagner Act out of their states.
• B)The Wagner Act does not apply to state government or local government employees.
• C)The rulings of the agencies constituted under the Wagner Act are not legally binding.
• D)The Wagner Act is applicable only to private organizations.

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Definitions:

Average Accounting Return

A financial ratio that measures the net profit of a project or investment as a percentage of its initial cost.

Straight-line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal yearly amounts.

Net Income

The comprehensive earnings of a corporation after expenses and taxes have been taken away from its revenues.

Discount Rate

A rate used to determine the present value of future cash flows, reflecting the time value of money and risk of the cash flows.