The Negotiations That Take Place Between a Labour Union and an Employer

question 50

Multiple Choice

The negotiations that take place between a labour union and an employer to arrive at a mutually-acceptable collective agreement are known as

• A)collective bargaining.
• B)contract bargaining.
• C)union organizing.
• D)contract ratification.
• E)contract administration.

---

Definitions:

Inflation Rate

Inflation rate is the annual percentage increase in the general price level of goods and services in an economy over a period of time.

Annually

Occurring once every year, often used to describe financial operations or events that happen yearly.

Interest

The cost of borrowing money, typically expressed as an annual percentage of the loan amount.

Coupon Rate

The annual interest rate paid by bond issuers to its bondholders, usually expressed as a percentage of the bond's face value.