A Cost-Volume-Profit (CVP) Chart Is a Graph That Plots Volume

question 132

True/False

A cost-volume-profit (CVP) chart is a graph that plots volume on the horizontal axis and costs and sales on the vertical axis.

---

Definitions:

Agency Shop

A workplace where employees must pay union fees even if they are not union members, as long as a union is the recognized bargaining agent for the workplace.

Union Members

Individuals who belong to a labor union, which represents their interests in negotiations with employers over wages, benefits, and working conditions.

Production Union

A labor organization whose members are involved in the actual manufacturing or production process of goods.

NLRB Approval

Endorsement or sanction given by the National Labor Relations Board, an agency that enforces US labor law in relation to collective bargaining and unfair labor practices.