Management at Wilson Manufacturing Worked with Its Union to Create

question 73

Multiple Choice

Management at Wilson Manufacturing worked with its union to create a strategic plan that reduced the workforce but gave the union a voice in management decisions and future expansion plans.This is most likely an example of a(n) ________ labor relations strategy.

• A) interactive bargaining
• B) union acceptance
• C) distributive bargaining
• D) collective bargaining

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Definitions:

Acquisition

The process by which one company takes over another company, either by purchasing its assets, shares, or both, to assume control.

Consolidated Net Income

The total net income of a parent company and its subsidiaries, after the elimination of intercompany transactions, reflecting the combined profitability of the entire corporate group.

Par Value

The face value of a bond or the stated value of a stock as specified by the issuing company.

Fair Value

The monetary return from an asset's sale or the expenditure for transferring a liability in an orderly market dialogue on the assigned valuation day.