Which of the Following Statements About Collective Bargaining Is False

question 272

Multiple Choice

Which of the following statements about collective bargaining is false?

• A) A contract is usually arrived at through the process of arbitration.
• B) It begins with the recognition of the union as the exclusive negotiator for its members.
• C) It is the process of negotiating labour agreements.
• D) It involves union representatives and employer representatives.
• E) It involves the ongoing process of administering existing agreements.

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Definitions:

Direct Labor Cost

The cost associated with employees who directly contribute to the production of goods, such as wages for factory workers.

Income Statement

A financial report that shows a company's revenues, expenses, and net income over a specific period.

Production Equipment

Assets used in the manufacturing process to produce goods and services, including machinery, tools, and assembly lines.

Cost Object

Any item for which a separate measurement of costs is desired, including products, services, projects, or customers.