A Craft Union Is Characterized by Which One of the Following

question 51

Multiple Choice

A craft union is characterized by which one of the following?

• A) Members all have a particular skill or occupation.
• B) Union leaders may try to limit the number of members in order to maintain high wages.
• C) Members are linked by their work in a particular industry.
• D) Members change unions more frequently than employers.
• E) Both "members all have a particular skill or occupation" and "union leaders may try to limit the number of members in order to maintain high wages."

---

Definitions:

Individual Customers

Single persons or entities that purchase goods or services for personal use or consumption rather than for resale.

Trade Associations

Organizations founded and funded by businesses that operate in a specific industry, aimed at promoting their collective interests.

Commercial Banks

Commercial banks are financial institutions that offer a wide range of banking services to businesses and individuals, including deposit accounts, loans, and other financial products.

Accounting Firms

Professional service firms specializing in accounting, auditing, and financial advising for individuals and businesses.