A Group of Employees That a Union Is Seeking to Represent

question 34

Multiple Choice

A group of employees that a union is seeking to represent is known as a(n) ________.

• A)combined conciliation unit
• B)appropriate mediation unit
• C)collective negotiation unit
• D)appropriate bargaining unit

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Definitions:

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.

Marginal Cost

The increase in total cost that arises from producing an additional unit of a good or service.

Marginal Benefit

The extra pleasure or benefit gained from consuming an additional unit of a product or service.

Marginal Cost

The added financial burden of producing another unit of a product or service.