The Labor Relations Term for a Written Clause in a Labor

question 11

Multiple Choice

The labor relations term for a written clause in a labor agreement which permits the parties to negotiate wage rates at some predetermined date during the life of the agreement is:

• A) Lump sum pay adjustments.
• B) Cost-of-living adjustment.
• C) Wage re-opener.
• D) Open-ended contract.
• E) Spillover effect.

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Definitions:

Germany

A country in Central Europe known for its rich history, cultural heritage, and as a major economic and political power in the European Union.

United States

A federal republic consisting of 50 states and located primarily in North America, known for its diverse culture and significant global influence.

Consumer Credit

Refers to the variety of financial products available to individuals that allow them to purchase goods or services on credit.

American Consumption

Patterns and behaviors of expenditure on goods and services by households and individuals in the United States.