When Unions Negotiate Contracts with One Company at a Time

question 88

Multiple Choice

When unions negotiate contracts with one company at a time, each modeling their settlements after prior contracts negotiated in the same industry or covering similar jobs, it is known as:

• A) Contract modeling
• B) Pattern bargaining
• C) Concession bargaining
• D) Hardball tactics

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Definitions:

Federal Outlays

Expenditures or spending by the federal government, including on programs, services, and interest on debt.

Federal Government Budget

An annual financial statement presenting the government's proposed revenues and spending for a financial year.

Servicing Debt

The process of paying interest and principal on borrowed funds, typically on a regular basis.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to a negative balance of trade.