Which of the Following Statements About Collective Bargaining Is Most

question 116

Multiple Choice

Which of the following statements about collective bargaining is most consistent with the views of Samuel Gompers?

• A)Collective bargaining is the best way for workers to attain a fairer share of the economic pie.
• B)Collective bargaining is a nice idea in theory,but in the real world unions must rely on weapons such as strikes and boycotts to get what they want.
• C)Unions should view collective bargaining as a useful,but limited,means for achieving some of their goals.In most cases the best way for unions to achieve their goals is to use their political clout to help pass favorable legislation.
• D)Unions should not count on collective bargaining to achieve their goals,because management can't be trusted to bargain in good faith.

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Definitions:

Forward Contract

A customized contract between two parties to buy or sell an asset at a specified price on a future date, used mainly for hedging or speculation.

Fair Value Hedge

A hedge of the exposure to changes in fair value of an asset or liability or an identified portion of an asset or liability that is attributable to a particular risk.

Cash Flow Hedge

A form of hedge that aims to manage exposure to fluctuations in cash flows related to a particular risk, such as interest rates or foreign exchange rates.

Cash Flow Hedge

A type of hedge that protects against the exposure to variability in cash flows due to a particular risk such as interest rate changes.