When the United Auto Workers (UAW) Union Selects General Motors

question 40

Multiple Choice

When the United Auto Workers (UAW) union selects General Motors to bargain with first, and then uses that contract as a prototype in its bargaining with Ford and Chrysler, the UAW is engaging in:

• A) procedural bargaining.
• B) pattern bargaining.
• C) bad faith bargaining.
• D) mandatory bargaining.

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Definitions:

Perpetual Inventory System

An inventory system that updates the quantity and cost of inventory immediately following purchase or sale activities.

Merchandise Inventory

Goods and products that a retailer, wholesaler, or distributor holds in stock with the intent to sell them for profit.

Cost of Goods Sold

The total direct costs attributable to the production of goods sold by a company during a specific period.

Sales Returns & Allowances

Transactions where sellers accept returned goods from buyers, or provide a price reduction or discount, reducing the initial sales revenue.