A Union Is Reluctant to Agree to Productivity-Enhancing Work-Rule Changes

question 73

Multiple Choice

A union is reluctant to agree to productivity-enhancing work-rule changes to enhance job security if in the past it has made similar concessions but believes management has not stuck to its assurance of greater job security in return.The term that best describes this sub-process of labour-management negotiations is

• A)distributive bargaining.
• B)integrative bargaining.
• C)attitudinal structuring.
• D)intra-organizational bargaining.

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Definitions:

Fiscal Policy

Government policies related to taxation and spending that aim to influence economic conditions.

Political Compromises

Agreements reached by conflicting parties in which concessions are made by all involved to achieve a mutual solution.

Inflationary Gap

The situation where the total demand in an economy exceeds the total supply, leading to higher prices and inflation.

Equilibrium GDP

Equilibrium GDP is the level of output where aggregate demand matches aggregate supply, resulting in a stable economy without tendencies to change.