Which of the Following Terms Refers to a Type of Bargaining

question 57

Multiple Choice

Which of the following terms refers to a type of bargaining that involves negotiating reductions in previously negotiated wages, benefits, or work rules, usually in exchange for management-guaranteed employment levels during the term of a contract?

• A) pattern bargaining
• B) arena bargaining
• C) distributive bargaining
• D) concession bargaining

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Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Resources

Assets or inputs available for use in the production of goods or services, including natural, human, and capital resources.

Scarce

Describes a condition where resources, goods, or capabilities are limited in availability relative to the demand for them.

Wants

Desires for goods, services, or experiences that are not essential for survival but are deemed desirable based on individual preferences.