One of the Reasons Labor Movements in the Early to Mid-1900s

question 11

True/False

One of the reasons labor movements in the early to mid-1900s were so successful was because there were extended periods of low unemployment in which workers had greater leverage in negotiating job conditions.

---

Definitions:

Fixed Cost

Fixed cost refers to business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, or insurance, integral to budgeting and planning.

Total Expenses

The sum of all costs and expenses, both fixed and variable, incurred by a business during a specific period.

Planning Budget

A budget prepared for a specific level of activity, used as a tool for comparing actual results to see if plans and objectives are being met.

Fixed Cost

Expenses that do not change in relation to the level of goods or services produced within a certain range of activity.