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Scenario 14.2
Calendars "R" Us Ltd. produces calendars for middle and high schools in Ontario. Calendars "R" Us started back in 2006 and today has over 60 employees. About two years ago, the employees organized and obtained union certification. To date, the union has not successfully negotiated a collective agreement. Employees are not happy with the progress the union has made, and much of the concerns they have had (wages, benefits, training, etc.) have not been addressed. Calendars "R" Us employees feel that the union is more interested in serving the needs of the company and are looking to find a replacement.
-Refer to Scenario 14.2. What are the steps in the collective bargaining process that the union and Calendars "R" Us need to go through?
Value Added
The increase in value that a company adds to its inputs or raw materials before selling the final product, typically measured as the difference between input costs and output prices.
Government Bond
A type of investment security issued by a government to finance its expenditures, offering periodic interest payments and the return of principal at maturity.
Real Goods
Physical products or commodities that can be touched, seen, and used, contrasting digital or virtual goods.
Aggregate Expenditure
The total spending in an economy, including consumption, investment, government spending, and net exports, at a given time.
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