Identify the right of employees that is covered under the Taft-Hartley Act.
A. the right to physically block nonstriking employees from entering the workplace
B. the right to nominate candidates for union office
C. the right to choose whether they join a union or other group
D. the right to participate in union meetings and secret-ballot elections
E. the right to examine unions' financial records
Answer: C
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Parker Company owns 83% of the outstanding stock of Tadeo Company. Parker Company is referred to as the
a. parent b. minority interest c. affiliate d. subsidiary
Phantom profits result when absorption costing is used and sales exceed production
Indicate whether the statement is true or false
A partnership has $23,000 of depreciation expense and $25,000 of Section 179 expense. How are the depreciation and Section 179 expenses reported?
A. As a $48,000 ordinary expense item. B. Section 179 is treated as a $25,000 ordinary expense and the $23,000 depreciation is separately stated. C. Depreciation is treated as a $23,000 ordinary expense and the $25,000 Section 179 expense is separately stated. D. Both as separately stated items.
The legal environment of business is established and modified according to ethical norms
Indicate whether the statement is true or false