Which of the Following Is Correct

question 74

Multiple Choice

Which of the following is correct:

• A)In most jurisdictions a union may enforce a fine imposed upon a union member through the court system.
• B)A national union has responsibility for the wrongful acts committed by local union officers.
• C)The Canadian Labour Congress is an organization comprised of only unions that have their headquarters located in Canada.
• D)The Canadian Labour Congress encourages unions to recruit members from the ranks of employees who are already represented by a union.
• E)Surveys of unions have established that the majority of unions engage in political action.

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Definitions:

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and subsequently adjusted to reflect the investor's share of the net assets of the investee.

Net Income

The total earnings or profit of a company after subtracting all expenses, including taxes and operating expenses, from its total revenue.

Gross Profit

The difference between revenue and the cost of goods sold (COGS), indicating the basic profitability of a company's core operations.

Gross Profit

The difference between sales and the cost of goods sold, essentially measuring the efficiency of a company in managing its labor and supplies in production.