In Recent Years Some Unions Have Granted Concessions and Given

question 294

Multiple Choice

In recent years some unions have granted concessions and given up benefits secured in earlier contract negotiations in an attempt to save jobs. These concessions are called:

• A) injunctions.
• B) givebacks.
• C) buyouts.
• D) disbenefits.

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Definitions:

Mid 19th Century

A period roughly spanning the 1830s to the 1860s, marked by significant social, economic, and political changes globally, including the Industrial Revolution and American Civil War.

American Gold

Wealth or resources generated from the Americas, often referring to the gold found by European explorers and colonizers during the exploration and colonization period.

Civil Disturbances

Acts of disorder or conflict that involve group violence or the potential for such violence and disrupt normal societal functions.

Economic Hardships

Situations where individuals or communities face financial stress and difficulties, often due to economic downturns, unemployment, or inflation.