The Costs in Time and Other Resources That Parties Incur

question 11

Multiple Choice

The costs in time and other resources that parties incur in the process of facilitating an exchange of goods and services are called

• A)enforcement costs.
• B)implicit costs.
• C)explicit costs.
• D)transactions costs.

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Definitions:

NLRB Certification Election Process

describes the procedure governed by the National Labor Relations Board (NLRB) in the United States, facilitating elections that determine whether employees wish to be represented by a union.

Perceived Problems

Issues or challenges that are recognized and felt by individuals or communities, which may vary in severity and importance depending on perspective.

NLRB

Stands for the National Labor Relations Board, a U.S. government agency responsible for enforcing U.S. labor law in relation to collective bargaining and unfair labor practices.

Union Organizing Attempts

Efforts made by employees and labor organizations to form or join a union in order to negotiate collectively with employers.