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Utility Maximization
The economic principle that individuals or firms aim to achieve the highest level of utility or satisfaction possible, given their resources.
Bargaining Units
Groups of employees with a clear and identifiable community of interests in wages, hours, and working conditions, which are represented collectively in negotiating labor contracts.
NLRB
The National Labor Relations Board, a federal agency in the United States that oversees labor practices, ensuring workers' right to organize and decide on union representation.
Representation Election
A voting process conducted, typically under the auspices of a labor relations board, in which employees decide whether or not they wish to be represented by a union.
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