Developing Likely Union Proposals, Lists of Demands, and a Contingency

question 25

Multiple Choice

Developing likely union proposals, lists of demands, and a contingency plan for operating in the event of a strike are part of which of the following?

• A) compulsory binding arbitration
• B) an employer's bargaining strategy
• C) a union's bargaining strategy
• D) good faith bargaining

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Definitions:

Consideration

The bargained-for exchange; what each party gets in exchange for his or her promise under a contract.

Authority

The power or right to make decisions, give orders, and enforce obedience.

Principal

The main party to a transaction, such as the owner of a business, or the amount of money loaned or invested, excluding interest or profits.

Power of Attorney

A legal document authorizing one person to act on another's behalf in legal or financial matters.