Globalization Refers to

question 58

Multiple Choice

Globalization refers to

• A)the process of establishing a common world currency.
• B)the willingness of individuals within a given country to share knowledge with one another.
• C)the process of countries becoming more open to foreign trade and investment.
• D)the reduction in growth rates of real GDP per capita as a result of trade with foreign countries.
• E)the ongoing process of national governments giving up authority to the United Nations.

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Definitions:

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, specifying the terms and conditions of employment.

Labour Relations Board

A governmental agency responsible for overseeing and enforcing labor laws and practices, including dispute resolution between employers and employees.

Bargaining Unit

A group of employees with a clear and identifiable community of interests who are represented by a single labor union in negotiations with employers.

Labour Relations Board

A governmental authority that oversees and resolves disputes involving labor and management practices.