What Is the Foremost Step in the Process of Negotiation

question 64

Multiple Choice

What is the foremost step in the process of negotiation between the union-management:

• A) bargaining team selected
• B) preparation of demands
• C) notice to bargain
• D) meetings
• E) conciliation/mediation

---

Definitions:

Low Risk Asset

An investment that is generally expected to yield returns with relatively lower volatility or risk of loss.

High Risk Asset

An investment with a high potential for significant loss but also the potential for substantial rewards.

Monopoly

A firm that is the single seller in its market. Monopolies have market power because they produce a product or service without close substitutes, they have no rivals, and barriers to entry prevent other firms from entering the industry.

Twitter

A social media platform where users post and interact with messages known as tweets.