Which of the Following Is Not a Consequence of Bargaining

question 68

Multiple Choice

Which of the following is not a consequence of bargaining centralization?

• A) An increase in the number of issues brought to the bargaining table
• B) Separation between the negotiators and their constituents (the people they represent)
• C) Improved ability to tailor contracts to local conditions
• D) Decreased level of whipsawing

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Definitions:

Insured

A party that is protected by an insurer against losses caused by the risks specified in an insurance policy.

Insurance Company

A financial institution that provides a range of insurance policies to protect individuals and businesses against the risk of financial losses in return for premium payments.

Economic Loss

Financial damage suffered by a person or entity, often due to breach of contract, negligence, or external market factors.

Insurance

A contract whereby one party pays premiums to another party who undertakes to pay compensation for losses resulting from risks or perils specified in the contract.