Labour and Management at DJ Trucking Cannot Agree Upon a Contract

question 123

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 if a strike occurs,it will be very costly.Each side contends that they are bargaining fairly,but no agreement seems to be possible. Both sides have agreed that there is a fixed amount of resources.Each side feels that what one side wins,the other loses.They believe they are engaged in:

• A)distributive bargaining.
• B)integrative bargaining.
• C)mediation.
• D)BATNA.

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Definitions:

Actual Cost

The tangible and realized expense incurred for materials, labor, and overhead in the production of goods or services.

Standard Cost Systems

An accounting method that uses standard costs for direct materials, labor, and overhead to help managers control business costs.

Performance Evaluation

The formal assessment process of an employee's job performance, typically conducted through reviews and meetings.

Actual Costing System

A costing method that assigns costs to products based on the actual costs of direct materials, direct labor, and overhead incurred.