If Workers and Employers Agree to a Three-Year Wage Contract

question 42

Multiple Choice

If workers and employers agree to a three-year wage contract under the expectation of 3 percent inflation, and inflation turns out to be 5 percent, then:

• A)workers gain and employers gain.
• B)workers gain and employers lose.
• C)workers lose and employers gain.
• D)workers lose and employers lose.

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Definitions:

Organizational Grapevine

A rephrased term for informal networks within a company through which rumors and unofficial information circulate among employees.

Corporate Leaders

Senior executives and managers within a corporation who set strategic direction, make critical decisions, and lead the organization towards its objectives.

Web-Based Magazines

Web-Based Magazines are digital publications available on the internet, offering articles, news, and other content similar to traditional print magazines, but accessible online.

E-Zines

Electronic magazines published on the internet that cater to a variety of interests and topics.