In Collective Bargaining

question 84

Multiple Choice

In collective bargaining,

• A)union members from one union bargain with union members from other unions.
• B)each union member represents herself in labor-management negotiations.
• C)the objective of the union is to increase its bargaining power with management.
• D)employers attempt to minimize their bargaining power.

---

Definitions:

Total Expenditures

The sum amount of all spending or expenses incurred by an individual or entity within a specific period.

Price Elasticity

How the requirement for a good shifts in relation to changes in its pricing.

Midpoint Method

A technique used to calculate elasticity by taking the average of the initial and final quantities and the initial and final values.

Total Revenue

The total income received by a firm from its sales of goods or services, calculated as the unit price times the quantity sold.