_____________ Is the Process by Which Representatives of a Union

question 202

Multiple Choice

_____________ is the process by which representatives of a union meet with representatives of management to negotiate a contract for workers.

• A)Mediation
• B)Arbitration
• C)Mutual Conciliation
• D)Collective bargaining

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Definitions:

Bond Discount Account

An accounting term representing the difference between the face value of a bond and its selling price when sold at less than its face value.

Serial Bonds

Bonds that mature at different intervals over a period of time, allowing the issuer to retire a portion of the bond issue at regular intervals.

Present Value

The immediate value of a future stream of income or lump sums of money, assessed with a specific interest rate in mind.

Nominal Rate

The interest rate stated on a financial instrument, without adjustment for the full effect of compounding or inflation.