Which of the following statements is true regarding the National Labor Relations Board (NLRB)?
A. Its members are appointed by the President of the United States.
B. The board members serve for a three-year term.
C. The board is a seven-member panel.
D. It was established by the Clayton Act.
Answer: A
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On the issuance date, the Bonds Payable account had a balance of $50,000,000 and Premium on Bonds Payable had a balance of $1,000,000 . What was the issue price of the bonds?
a. $50,000,000 b. $49,000,000 c. $51,000,000 d. Unable to determine from the information given
Liabilities whose amounts must be estimated are disclosed in financial statements by
A) including details in the footnotes. B) describing the estimated liabilities among the liabilities on the balance sheet but not including the amounts in the liability totals. C) an appropriation of retained earnings. D) including the amounts in the liability totals.
The journal entry for adjustment of underallocated manufacturing overhead includes a ________.
A) credit to Finished Goods Inventory B) credit to Manufacturing Overhead C) debit to Work-in-Process Inventory D) credit to Cost of Goods Sold
By permitting pre-issuance and post-grant challenges within the U.S. Patent and Trademark Office (PTO), the law attempts to have disputes resolved within the PTO before reaching the litigation stage.
Answer the following statement true (T) or false (F)