A Process for Negotiating a Union Contract and for Administrating

question 1

Multiple Choice

A process for negotiating a union contract and for administrating the contract after it has been negotiated is ________.

• A)collective bargaining
• B)grievance procedure
• C)mediation
• D)arbitration
• E)conciliation

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Definitions:

Value Creation

The process of generating additional worth through various strategies, actions, or operations, enhancing the worth of goods, services, or even a brand to stakeholders.

Team Processes

The methods and dynamics through which team members interact, communicate, and collaborate to achieve shared goals.

Participatory

Involving or allowing participation of members or partners in decision-making processes.

Neoliberalist Economic System

A political and economic philosophy advocating free markets, deregulation, and the reduction of government intervention in the economy.