Rationalization Is the Process of Specializing in Manufacturing According to Product

question 39

True/False

Rationalization is the process of specializing in manufacturing according to product or process.

---

Definitions:

Binding Arbitration Clause

A contractual agreement to submit disputes to an impartial third party for a decision that is final and enforceable, often used in labor agreements.

Shop Stewards

Elected union representatives in the workplace tasked with safeguarding the rights of the workers and acting as a liaison between the workforce and the management.

Company Employees

Individuals employed by a company or organization, typically distinguished from contractors, consultants, and other non-permanent staff.

Unilateral Decisions

Actions or resolutions taken by one party or authority without consultation with or agreement from other parties affected by the decision.