Use the Following to Answer Question 160 -Cindy Operates Birds-R-Us,a Small Store Manufacturing and Selling 100 Bird

question 218

Multiple Choice

Use the following to answer question 160: $$\begin{array}{l}\text { Table: Output and Marginal Cost }\\\begin{array} { l c } \hline \text { Output } & \text { Marginal Cost } \\\hline 1 & 15 \\2 & 10 \\3 & 5 \\4 & 8 \\5 & 12 \\6 & 20 \\\hline\end{array}\end{array}$$
-Cindy operates Birds-R-Us,a small store manufacturing and selling 100 bird feeders per month.Her monthly total fixed costs are $500,and her monthly total variable costs are $2 500.If for some reason Cindy's fixed cost fell to $400,then her _____ costs would _____.

• A) average fixed;increase
• B) average total;decrease
• C) marginal;decrease
• D) average variable;decrease

Comprehend the stages and purpose of mediation in resolving disputes.

Differentiate between conventional and final offer arbitration and the considerations for their adoption.

Identify various types of strikes and their objectives within labor disputes.

Understand the importance and components of preparing for collective bargaining, including creating a strike contingency plan.

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Definitions:

Arbitrator

A neutral third party who is brought in to resolve a dispute between two parties, making a decision that is usually binding.

Senior Management

High-level executives who are responsible for managing the overall operations and resources of a company or organization.

Chief Steward

A chief steward in a union context is a lead union representative who handles grievances, negotiations, and communication between the union members and management.

Collective Agreement Negotiations

The process in which representatives of employers and employees negotiate over terms of employment, such as wages, hours, and working conditions, leading to a collective agreement.