In 2005, Which Union Organization Was Formed Out of the AFL-CIO

question 48

Multiple Choice

In 2005, which union organization was formed out of the AFL-CIO membership?

• A) National Brotherhood of Teamsters
• B) Service Employees International Union
• C) American Federation of Workers
• D) Change to Win

---

Definitions:

Bonds Payable

Long-term debt instruments issued by a company to borrow funds, where the company agrees to pay back the principal along with interest on specified dates.

Premium on Preferred Stock

The amount by which the issue price of preferred stock exceeds its par value, typically reflective of additional benefits such as higher dividends.

Subscriptions Receivable

The amount of money owed to a company for goods or services delivered or provided but not yet paid for by customers under a subscription model.

Accounting Practices

These are methodologies and standards used by accountants to track and report financial information.