In Recent Years Some Unions Have Granted Concessions and Given

question 294

Multiple Choice

In recent years some unions have granted concessions and given up benefits secured in earlier contract negotiations in an attempt to save jobs. These concessions are called:

• A) injunctions.
• B) givebacks.
• C) buyouts.
• D) disbenefits.

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Definitions:

Poka-Yoke

Literally translated, “foolproof”; it has come to mean a device or technique that ensures the production of a good unit every time.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental changes over time.

Profitability

A measure of the efficiency and effectiveness of a company in generating profits from its operations, indicative of its financial health over time.

Flexible Pricing

A pricing strategy where the price of a product or service can vary based on market conditions, customer demand, or other factors.