When Does Industrywide Bargaining Take Place

question 50

Multiple Choice

When does industrywide bargaining take place?

• A) When employees stick to a single employer within a small geographic area
• B) When products or services are essentially commodities
• C) When the bargaining occurs within a relatively small geographic area
• D) When the bargaining is done in a business operating in several distinct industries

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Definitions:

Variable Overhead

Costs that change with production volume but are not directly tied to specific units, such as utilities for the manufacturing plant.

Direct Materials

Raw materials that are directly traceable and allocable to a finished product in the manufacturing process.

Direct Labor-Hours

A unit of measure for the time workers spend producing goods or services, indicative of the labor cost attributed per hour.

Variable Overhead

Costs that vary with production volume, such as utilities or materials, as opposed to fixed overhead costs.