Which of the Following Is an Advantage of Resolving Disputes

question 71

Multiple Choice

Which of the following is an advantage of resolving disputes, between the union and management, through arbitration?

• A) The management does not need to run to court for every dispute an employee may have.
• B) It helps the shop steward to effectively perform his duties as the union representative.
• C) It increases the costs of dispute settlement for the employees of the union.
• D) The management can take greater interest in the welfare of its employees.

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Definitions:

Buyer-supplier Partnerships

Collaborative agreements between buyers and suppliers aimed at achieving mutual benefits and enhancing long-term business relationships.

Antitrust Laws

Regulations aimed at promoting competition and preventing unfair practices that could lead to monopolistic control of a market.

Cooperative Relationships

Collaborative and mutually beneficial partnerships between businesses or within an organization to achieve common goals.

Reverse Marketing

A strategy where buyers actively seek out suppliers or convince potential suppliers to provide goods or services, reversing the traditional marketing roles.