A Labor Relations Strategy in Which Management Chooses to View

question 62

Short Answer

A labor relations strategy in which management chooses to view the union as its employees' legitimate representative and accepts collective bargaining as an appropriate mechanism for establishing work-place rules is a(n)________.

---

Definitions:

Decrease In Cash

A reduction in the amount of cash a company holds, which may result from payments for expenses, investments, or debts.

Statement Of Income

A financial document that reports a company's financial performance over a specific period, showing revenues, expenses, and net income.

Statement Of Financial Position

Another term for a balance sheet, showing a company's assets, liabilities, and equity at a specific point in time.