The Process by Which Union and Management Representatives Negotiate a Mutually

question 193

Multiple Choice

The process by which union and management representatives negotiate a mutually agreeable contract specifying wages, benefits, and working conditions is called

• A)collective bargaining
• B)mediation
• C)arbitration
• D)striking
• E)litigation

---

Definitions:

Dollar Exposure

The risk associated with changes in the value of the U.S. dollar compared to other currencies in international finance.

S&P 500 Index

A market-capitalization-weighted index of 500 of the largest publicly traded companies in the U.S.

Put Option

A financial derivative that gives the holder the right, but not the obligation, to sell a specific quantity of an underlying asset at a set price within a specified time.

American Call-Option

A financial contract that gives the holder the right, but not the obligation, to buy a stock, bond, commodity, or other instruments at a specified price within a specific time period.