Which of the Following Common Provisions in Union-Management Agreements Provides

question 21

Multiple Choice

Which of the following common provisions in union-management agreements provides workers with economic security by giving guarantees of minimum work?

• A) duration of agreement
• B) management rights
• C) union security
• D) cost of living wage increases
• E) income maintenance

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Definitions:

Rational Choice

A theory in economics and sociology that suggests individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.

Irrational Choice

A decision made contrary to the conventional understanding of economic rationality, not maximizing utility.

Incentives

Rewards or penalties that motivate individuals to perform an action or avoid it.

Economic Analysis

A systematic approach to determining the optimal use of scarce resources, involving comparison of two or more alternatives in achieving specific objectives under the given assumptions.