Stuart Was Relieved That a Tentative Agreement Had Been Made

question 6

Multiple Choice

Stuart was relieved that a tentative agreement had been made between the union and management bargaining teams.As a member of the HR department,he was managerially and confidentially excluded from the union,and therefore had participated in the management bargaining team.Quite a few times during this round of negotiations,it appeared that bargaining impasses would not be resolvable.Thankfully,a good mediator was brought into the negotiation process to help both sides reach an agreement.He looked forward to administering the potential collective agreement,as his job was much calmer and less stressful during the life of a collective agreement.
-Now that a tentative agreement had been negotiated,the next step in the collective bargaining process would be

• A)traditional face-to-face negotiations.
• B)approving the proposed agreement by management.
• C)preparation for negotiations.
• D)ratification by union members.
• E)regular certification.

---

Definitions:

Domestic Export Sector

The part of a country's economy that is focused on producing goods and services for exportation to other countries.

Production Possibilities Curves

The production possibilities curve illustrates the maximum potential output combinations of two goods or services that an economy can achieve when all resources are fully and efficiently utilized.

Trading Possibilities Curves

A graphical representation that shows the maximum amounts of goods that two countries can trade with each other, given their resources and technology.

Comparative Advantage

The skill of an entity—be it an individual, enterprise, or nation—to manufacture a product or deliver a service at a reduced opportunity cost than that of its competitors.