Which of the Following Statements About Labor Contracts Is True

question 111

Multiple Choice

Which of the following statements about labor contracts is true?

• A) A labor contract is almost always renegotiated after two years.
• B) When renewing a contract as it nears the expiration date, the second time around is usually much easier because both parties have worked out the kinks and thus do not need to negotiate as much during the renewal.
• C) Negotiations for a renewed contract are no easier and are often more difficult than the first round due to more knowledge and experience of the involved parties.
• D) Some contracts do not have expiration dates.
• E) Union members do not feel as strong a need to go on strike during a renewal of a contract as opposed to a brand-new contract negotiation.

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Definitions:

Social Audit

A formal review of a company's endeavors, structures, and procedures to evaluate its impact on social, ethical, and environmental issues.

Social Issues

Problems that affect many individuals within a society, relating to matters such as inequality, poverty, and environmental degradation.

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The act of donating money, goods, services, or time to support a charitable cause or contribute to the welfare of others.