When the U

question 20

Multiple Choice

When the U.S.airline industry was regulated by the Civil Aeronautics Board (CAB) . ,airline workers' unions:

• A)did not benefit since the airlines were unprofitable and could not pay high wages.
• B)negotiated higher-than-competitive fares from the airlines.
• C)received lesser pay than what they received after deregulation.
• D)were not organized and so did not have any bargaining power.

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Definitions:

Personal Property

Movable property that is not fixed to one location and can be owned by an individual, as opposed to real property or real estate.

Mutual-Benefit Bailment

A contractual agreement where both the bailor and bailee receive benefits from the arrangement of temporarily transferring personal property.

Financing Statement

A document filed to give public notice of a security interest in collateral, providing information about the debtor, secured party, and collateral.

Proceeds

The amount of money received from a transaction, especially after selling an asset or completing a deal.