The Matters Which Are Not Directly Related to Wages, Hours

question 7

Multiple Choice

The matters which are not directly related to wages, hours, terms and conditions of the employment and not prohibited are called:

• A)good faith bargaining.
• B)permissive bargaining subjects.
• C)duty of bargaining.
• D)supplementary bargaining subjects.

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Definitions:

Contribution Rate

The contribution margin expressed as a percentage of the unit selling price.

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent or salaries.

Net Income

The amount of money left after subtracting all expenses, taxes, and costs from total revenue.

Variable Cost

A cost that varies depending on the level of output or activity, such as materials or labor costs in manufacturing.