Asked by
Kianna Monai
on Oct 12, 2024Verified
Which is the most accurate statement?
A) Most strikes cause no economic disruption.
B) The job of a mediator is to impose a settlement.
C) Collective bargaining negotiations occasionally end with a strike.
D) The firm with the least ability to withstand a strike would be a manufacturing firm.
Collective Bargaining
The negotiation process between employers and a group of employees aimed at reaching agreements to regulate working salaries, working conditions, and other aspects of workers' compensation and rights.
Economic Disruption
An event or condition that causes significant changes in the performance of the economy, affecting production, consumption, and distribution.
Mediator
An impartial individual or party that intervenes in a dispute or negotiation to help the conflicting parties reach an agreement.
- Explain the components and procedure involved in collective bargaining.
- Acquire knowledge regarding the effects that labor unions have on employment and wage outcomes.
Verified Answer
LG
Learning Objectives
- Explain the components and procedure involved in collective bargaining.
- Acquire knowledge regarding the effects that labor unions have on employment and wage outcomes.