The Current Private Sector Unionization Rate in the United States

question 52

Multiple Choice

The current private sector unionization rate in the United States is closest to

• A) 12.4 percent.
• B) 19.3 percent.
• C) 25.7 percent.
• D) 6.7 percent.

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Definitions:

Quick Assets

Quick assets are assets that can rapidly be converted into cash, excluding inventory and pre-paid expenses, often used in calculating liquidity measures.

Current Liabilities

Financial obligations that a company is required to pay within one year or within its current operating cycle.

Percent Change

A mathematical calculation that shows how much something has increased or decreased in value or quantity over time, expressed as a percentage.

Base Year

A reference year used for comparative financial analysis, serving as a benchmark for evaluating changes over time.