Strikes, Boycotts, Lockouts, and Plant Closures Are Techniques Used by Labor

question 55

Multiple Choice

Strikes, boycotts, lockouts, and plant closures are techniques used by labor or management as economic pressure in

• A)the collective bargaining process.
• B)compulsory binding arbitration.
• C)negotiation preparation.
• D)public sector bargaining.

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Definitions:

Direct Financing Lease

A leasing arrangement where the lessor purchases an asset and leases it to the lessee, effectively acting as a financier by not transferring ownership.

Operating Lease

An agreement permitting the utilization of a property without transferring ownership rights to it.

Lessor

The party in a lease agreement that owns the asset and grants the lessee the right to use the asset in return for lease payments.

Bargain Purchase Option

A lease clause allowing the lessee to purchase the leased asset at a price significantly lower than its expected fair market value at the end of the lease term.