Strikes Are Expensive for

question 206

Multiple Choice

Strikes are expensive for

• A)workers only because their income falls
• B)employers only because their revenue falls
• C)the public only because output falls
• D)both the public and employers because workers are compensated by the union for lost income
• E)workers, employers, and the public

---

Definitions:

Economic Rewards

Financial benefits or incentives provided to stimulate performance, recognize achievements, or motivate behaviors aligned with organizational goals.

Employment Relationship

The legal and practical relationship between employer and employee, defined by contractual, emotional, physical, and practical considerations.

Labor Relations

The relationships and interactions between employers, employees, and their representatives, often within the context of negotiation and collective bargaining.

Collective Bargaining Process

The procedure where employers and representatives of employees negotiate labor contracts concerning wages, hours, benefits, and working conditions.