Which of the Following Best Defines Collective Bargaining

question 155

Multiple Choice

Which of the following best defines collective bargaining?

• A)It is the process by which the government sets exemptions from the minimum wage law.
• B)It is setting the same wage for all employees to prevent jealousy among workers.
• C)It is the situation when firms collude to set the wages of employees in order to keep them below equilibrium.
• D)It is the process by which unions and firms agree on the terms of employment.

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Definitions:

Fiduciary Fund

A fund used by a government to account for assets held in a trustee or agency capacity for individuals, private organizations, or other governments.

GASB Concepts Statement No. 1

A document issued by the Governmental Accounting Standards Board outlining objectives and concepts that guide the development of accounting and financial reporting standards for state and local governments.

Primary Users

The main audience or recipients of financial reports, typically considered to be existing and potential investors, lenders, and other creditors.

Capital Projects Fund

A governmental accounting fund used to account for financial resources set aside for the acquisition or development of major capital assets.