The Part of the Labor-Management Negotiation Process That Focuses on Dividing

question 88

Multiple Choice

The part of the labor-management negotiation process that focuses on dividing a fixed economic "pie" is known as

• A)attitudinal structuring.
• B)intraorganizational bargaining.
• C)collective bargaining.
• D)distributive bargaining.
• E)integrative bargaining.

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Definitions:

Diminishing Returns

The principle stating that as one factor of production is increased while others are held constant, a point will eventually be reached where additions of the factor yield progressively smaller increases in output.

Value Added

The increase in worth of a product or service as a result of a particular stage of production or as it moves through the supply chain.

Marginal Product

The increase in output resulting from a one-unit increase in the amount of a single input used, keeping all other inputs constant.

Premium

A premium is the amount paid for an insurance policy, representing the price for the insurance coverage or the amount over the nominal value of something.