Labour and Management at DJ Trucking Cannot Agree Upon a Contract

question 55

Multiple Choice

Labour and management at DJ Trucking cannot agree upon a contract for the truck drivers. The drivers are threatening to strike, and management knows that such a strike would be very costly. Each side contends that they are bargaining fairly, but no agreement seems to be possible. Both sides agree that they are competing over a fixed amount of resources. Each side feels that what one side wins, the other loses. Based on this information we can say that the two sides are engaged in ________.

• A) conciliation
• B) distributive bargaining
• C) mediation
• D) integrative bargaining
• E) arbitration

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Definitions:

Personal Loan

A type of unsecured loan provided by financial institutions based on the borrower’s creditworthiness without collateral.

Perpetuity

A type of annuity that continues indefinitely, often used in finance to model consistent payments or cash flows without an end date.

Compounding Period

The frequency with which interest is added to the principal balance of an investment, which can be annually, semiannually, quarterly, etc.

Annual Percentage Rate

A measure of the cost of borrowing expressed as a yearly interest rate that includes fees and costs associated with the loan.