The United Association of Plumbers and Pipefitters is a labor union that seeks to unite plumbers and pipefitters from around the country. The members of this union exhibit the same set of skills and are proficient in relatively similar tasks. Such an association is most likely an example of a(n)
A. vertical union.
B. business union.
C. industrial union.
D. local union
E. craft union.
Answer: E
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Indicate whether the statement is true or false.
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a. Overhead b. Direct labor c. Selling and administrative expenses d. Direct materials
Patents, licenses, and other contractual rights are tangible, in the sense that the rights have a physical existence
Indicate whether the statement is true or false
Many of the same Asian countries that are major exporters to the United States are also significant importers of American goods because of all of the following reasons except
A. their rising standards of living enable their people to afford more imported products. B. their governments have sent buying missions to the United States to look for products to import. C. they prefer to deal with the U.S. democratic system than the political systems of Europe. D. they are importing raw materials and components that will be assembled and subsequently be exported, often to the U.S. E. they are purchasing large amounts of capital goods to further their industrial expansion.