It Seems That Every Few Weeks Another Corporate Merger or Acquisition

question 86

Multiple Choice

It seems that every few weeks another corporate merger or acquisition occurs.The factor that has facilitated this is that:

• A) governments have decreased the amount of oversight they have over corporations
• B) businesses want to diversify to acquire ones in different industries
• C) corporations are much cheaper to acquire now
• D) governments see that it as easier to regulate only a few companies that have merged rather than several corporations that are competing against one another
• E) government mandates

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Definitions:

Ratified Union Contracts

Ratified union contracts are agreements that have been formally approved by both the union members and the management, outlining conditions of employment, wages, and benefits.

Collective Agreement

A labour contract that addresses a variety of issues, such as wages and benefits, hours of work, working conditions, grievance procedures, safety standards, probationary periods, and work assignments; usually negotiated between the local union’s bargaining committee and the human resource or industrial relations department.

Disciplinary Action

Measures taken by an employer against an employee who has violated company policies or standards of conduct.

Collective Agreement

A negotiated contract between an employer and a labor union that outlines terms of employment, wages, and working conditions for employees.