The Labor Relations Term for a Written Clause in a Labor

question 14

Multiple Choice

The labor relations term for a written clause in a labor agreement which permits the parties to negotiate wage rates at some predetermined date during the life of the agreement is:

• A) Cost-of-living adjustment.
• B) Lump sum pay adjustments.
• C) Wage re-opener.
• D) Open-ended contract.
• E) Spillover effect.

Apply cost-benefit analysis in financial decision-making.

Distinguish between different types of financial documents and their purposes.

Understand the procedure for establishing and replenishing petty cash funds.

Acknowledge the importance of financial data security, particularly in the context of invoicing.

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Definitions:

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Exerting Pressure

Applying force or influence on someone or something to achieve a desired response or outcome.