The Three Basic Functions Intermediaries Perform Are

question 140

Multiple Choice

The three basic functions intermediaries perform are

• A) planning, implementing, and evaluating functions.
• B) implementation, accommodating, and contractual functions.
• C) contractual, facilitating, and logistical functions.
• D) transactional, logistical, and facilitating functions.
• E) facilitating, accommodating, and implementation functions.

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Definitions:

Featherbedding

A labor practice where unions require employers to hire more workers than are necessary, typically to protect or create jobs.

Unneeded Workers

Employees or labor that are surplus to the requirements of a current production process or economic system.

Union Workers

Employees who are members of a labor union, an organization that represents workers in negotiations with employers over wages, benefits, and working conditions.

Disputes

Conflicts or disagreements that arise in economic transactions or between parties over resources, contracts, policies, or regulations, often requiring negotiation or legal intervention to resolve.