In Economics, Aggregation Refers to

question 72

Multiple Choice

In economics, aggregation refers to

• A)collecting sample specimens for reclassification.
• B)using small stones to pave an artistic walkway.
• C)combining many markets into one overall economy.
• D)using large computers to solve economic problems.

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Definitions:

Management Rights

Decisions regarding organizational operations over which management claims exclusive rights.

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, outlining their rights and duties.

Exclusive Rights

Special privileges granted to an individual or organization, allowing them to use, produce, or sell a particular product or service, often protected by law.

Rights Arbitration

Arbitration over interpretation of the meaning of contract terms or employee work grievances