The Primary Purpose of Collective Bargaining Is to

question 129

Multiple Choice

The primary purpose of collective bargaining is to

• A) ensure worker participation in setting the goals and objectives of the company.
• B) establish and communicate clear guidelines for performance appraisals.
• C) limit the authority of management to set job categories and direct worker activities.
• D) negotiate a labor-management agreement that both the union and management are willing to accept.

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Definitions:

Electricity Bills

A periodic payment made by consumers for the electricity that they have consumed during a billing cycle.

Interest Rate

The percentage of the principal amount charged by lenders to borrowers for the use of money.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Auto Loan Payments

Regular payments made by a borrower to a lender for the use of borrowed money to purchase an automobile, typically including both principal and interest.