_____ Items in the Collective-Bargaining Process Include Wages, Working Hours

question 36

Multiple Choice

_____ items in the collective-bargaining process include wages, working hours, and benefits.

• A) Mandatory
• B) Permissive
• C) Negotiable
• D) Special
• E) Provisional

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Definitions:

Selling Price

The amount of money for which a product or service is sold to buyers.

Oral Auctions

A traditional auction in which bids are made by participants aloud in the presence of an auctioneer.

First-Price

Refers to an auction format in which the highest bid wins, and the winner pays the amount they bid.

Bid-Rigging

A form of fraud in which a commercial contract is promised to one party even though for the sake of appearance several other parties also present a bid.