Which of the Following Statements About Collective Bargaining Is False

question 160

Short Answer

Which of the following statements about collective bargaining is false?
A contract is usually arrived at through the process of arbitration.
It begins with the recognition of the union as the exclusive negotiator for its members.
It is the process of negotiating labour agreements.
It involves union representatives and employer representatives.
It involves the ongoing process of administering existing agreements.

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Definitions:

Retained Earnings

The portion of profits kept in the company rather than paid out as dividends, which can be used for investment or debt reduction.

Retained Earnings

The portion of net earnings not distributed as dividends to shareholders, but retained by the company for reinvestment.

Appropriations

Funds set aside by a legislative body for a specific purpose, often referring to government budgeting.