The Employers Who Are Subject to the Railway Labor Act

question 44

True/False

The employers who are subject to the Railway Labor Act are excluded from the definition of the employer by the NLRB.

---

Definitions:

Inventory

The goods and materials held by a company for the ultimate goal of resale or manufacturing into final products.

Consolidated Retained Earnings

The portion of earnings generated by a company and its subsidiaries that is not distributed as dividends but reinvested in the business.

Statement of Financial Position

Another term for the balance sheet, detailing a company's assets, liabilities, and equity at a given point in time.

Share Capital

The funds that a company receives from selling its shares to investors; also known as equity capital.