The Landrum-Griffin Act of 1959 (Labor-Management Reporting and Disclosing Act) was passed primarily to:
A. Give unions the right to organize and represent workers.
B. Ensure democratic standards for unions and increase transparency of union financial activities.
C. Spell out unfair labor practices of employers.
D. Spell out unfair labor practices of unions.
Answer: B
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Fill in the blank(s) with the appropriate word(s).
In a CVP graph, the area between the total cost line and the total fixed cost line yields the
a. fixed costs per unit. b. total variable costs. c. profit. d. contribution margin.
U.S. GAAP classifies securities that are neither debt securities held to maturity or trading securities as
a. securities available-for-sale. b. securities held for short term profit potential. c. securities held for speculation. d. securities held for speculation. e. derivative securities.
Answer the following statements true (T) or false (F)
SFAS NO. 8 required the temporal method of translation.