In the Context of the Parameters for Collective Bargaining, Which

question 25

Multiple Choice

In the context of the parameters for collective bargaining, which of the following statements is true of mandatory items?

• A) If either negotiating party expresses a desire to negotiate one or more mandatory items, then the other party must agree.
• B) Mandatory items include the union having veto power over the promotion of certain managers to higher-level
• Positions.
• C) Almost anything is negotiable under mandatory items if both the negotiating parties agree to discuss it.
• D) Mandatory items include a clause in the labor contract specifying that the employee union promises not to strike.

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Definitions:

Put Option

Financial contract that gives the holder the right to sell an asset at a specific price within a specified period.

Obligation

A duty or commitment that one is bound to by law, promise, or moral responsibility.

Sell

The act of transferring ownership of a security or other asset in exchange for money or value.

Hedge

A hedge is an investment or trade designed to reduce your risk of adverse price movements in an asset, providing protection against losses from price changes.