____ Is an Organization of Workers Banded Together to Achieve

question 49

Multiple Choice

____ is an organization of workers banded together to achieve economic goals.

• A) A labor union.
• B) Industrial relations.
• C) Collective bargaining.
• D) Mediators.

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Definitions:

Top-down Management

A management style where decision-making authority is concentrated at the top level of the organization and decisions are handed down to lower levels.

Opportunity Recognition

The process of identifying and seizing new business prospects or innovative product ideas.

Entrepreneurial Process

The series of steps or phases involved in recognizing an opportunity, creating a business, and cultivating it to achieve growth and success.

Development Expenditures

Costs incurred in the process of creating new products, services, or processes, including research and development investments.