Which of the Following Statements Is TRUE of the National

question 16

Multiple Choice

Which of the following statements is TRUE of the National Labor Union?

• A) The National Labor Union sought the abolition of convict labor.
• B) Only skilled workers were allowed to join the National Labor Union.
• C) The National Labor Union was ultimately converted to the American Federation of Labor.
• D) African Americans were allowed to join the National Labor Union.

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Definitions:

Profits

The financial gain realized when the revenue from business activities exceeds the expenses and costs.

Financial Ratios

Calculations that compare important financial aspects of a business.

Equity

The value of an ownership interest in a business, after subtracting liabilities from assets.

Leverage

The use of borrowed capital for (an investment), expecting the profits made to be greater than the interest payable.