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The Negotiations Between the Management and the Union Members of a Telecommunications

question 2

Multiple Choice

The negotiations between the management and the union members of a telecommunications company have been going on for four months. However, both parties have been unable to agree on a contract. They now feel that reaching an agreement is not imminent. In this case, the management and the union members have reached:

Definitions:

Strategic Management

Strategic management is the process of formulating and implementing strategies.

Organisation's Resources

Various assets, including human, financial, physical, and informational, that an organization utilizes to function and achieve its objectives.

Productivity

The measure of the efficiency of a person, machine, system, etc., in converting inputs into useful outputs.

Output/Input

A measure of efficiency that compares the quantity or quality of outputs (results, products) generated by a system to the inputs (resources, time) used.