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:

Statistical Control

The process of adjusting for the effects of confounding variables by including them as covariates in statistical models, to isolate the true relationship between the primary independent and dependent variables.

Center Line

In statistical process control charts, this is the line that represents the average or mean of the data points being monitored.

Upper Specification Limit

The maximum acceptable value for a measurable parameter of a product, beyond which quality is deemed unacceptable.

Transaction Time

The amount of time it takes to complete a particular transaction, often used in computing and financial contexts.