Asked by
Mercylyn Palomo
on Oct 12, 2024Verified
Which is the most accurate statement?
A) Collective bargaining negotiations usually end as a strike.
B) Most strikes cause devastating economic disruption.
C) The firm with the least ability to withstand a strike would be a service firm.
D) None of these statements are true.
Collective Bargaining
The process by which employers and unions negotiate terms of employment, including wages, working hours, and working conditions, to reach a labor agreement.
Economic Disruption
A significant disturbance to the normal functions of an economy caused by external or internal events.
- Comprehend the impact of labor unions on salary levels and job opportunities within the economy.
Verified Answer
AM
Learning Objectives
- Comprehend the impact of labor unions on salary levels and job opportunities within the economy.