Grievance Procedures in a Union Contract Are Preferable to Other

question 38

Multiple Choice

Grievance procedures in a union contract are preferable to other methods of resolving workplace disputes because:

• A) They give management greater control over disciplinary actions.
• B) They decrease uncertainly and increase stability because unions fear losing the grievance in arbitration.
• C) They decrease uncertainty and increase stability by employee adherence to negotiated rules.
• D) They encourage employers to be more lenient with employees.

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Definitions:

Offered Rate

The rate of interest that a lender is willing to offer to a borrower for a specific loan, often influenced by market conditions.

Cost of Capital

The rate of return that a company must pay after accounting for the cost of all sources of financing: debt, equity, and any other financing sources.

Debt Costs

The total expenses associated with borrowing money, including interest payments and fees.

Financial Risk

The possibility of losing money on an investment or business venture, including the risk of not receiving anticipated returns.