For an Analysis to Be Considered Positive,and Not Normative,it Must

question 25

Multiple Choice

For an analysis to be considered positive,and not normative,it must include:

• A)some consideration of what ought to be.
• B)conclusions based on opinion.
• C)the rigors of the scientific method.
• D)suggestions for laws designed to protect people from harming themselves.
• E)strict implementation of policy prescriptions.

Differentiate between types of bargaining issues and their classification as zero-sum or constant-sum games.

Appreciate the importance of focusing on common interests in integrative bargaining to achieve mutually beneficial outcomes.

Understand the basic concepts and tactics of distributive and integrative bargaining within labor relations.

Identify the procedural steps and requirements for contract ratification and the entities involved in the process.

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Definitions:

Utilization

The measure of how efficiently resources, such as labor, equipment, and capacity, are being used in the production or service delivery process.

Break-even Point

The level of production or volume of sales at which total revenues equal total expenses, resulting in no net profit or loss.

Variable Cost

Costs that vary directly with the level of output or production, such as materials and labor.

EMV

Expected Monetary Value, a concept in decision making and risk management that calculates the average outcome when the future includes scenarios that may or may not happen.