Major Provisions of the Wagner Act Did Not Include

question 29

Multiple Choice

Major provisions of the Wagner Act did not include:

• A) Members appointed to the National Labor Relations Board by U.S. President.
• B) Employee representatives shall be exclusive representations of the appropriate unit.
• C) Denial by employers of employee collective bargaining leads to strikes, industrial unrest, and obstruction of commerce.
• D) Employees have the right to organize into unions as directed by the NLRB.

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Definitions:

Materials Costs

Expenses associated with the raw materials used in the production of goods, including acquisition and delivery costs.

Weighted-Average Method

An inventory costing method that assigns a cost to inventory on the basis of the weighted average of the costs of similar goods available for sale during the period.

Equivalent Units

An idea in cost accounting that involves distributing costs to goods that are partially finished, transforming them into the equivalent number of completed goods units.

Conversion Costs

The combined costs of direct labor and manufacturing overhead that are incurred to convert raw materials into finished goods.