Describe the features of collective bargaining.

What will be an ideal response?


. In the United States, management and unions engage in a periodic ritual (typically every three years) of negotiating an agreement over wages, benefits, hours, and working conditions. Two types of disputes can arise during this process. First, before an agreement is reached, the workers may go on strike to compel agreement on their terms. This is an economic strike and is permitted by law. Once an agreement is signed, management and the union sometimes disagree over interpretation of the agreement. Usually they settle their disputes through arbitration. Arbitration is the use of a neutral third party, typically jointly selected, to resolve the dispute. U.S. companies use arbitration while an agreement is in effect to avoid wildcat strikes (in which workers walk off the job in violation of the contract) or unannounced work stoppages. In a union shop, a union security clause specifies that workers after a while must join the union. Right-to-work states, through restrictive legislation, do not permit union shops; that is, workers have the right to work without being forced to join a union. The southern United States has many right-to-work states.

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Possible negative amortization resulting from a rise in the interest rate on a adjustable rate mortgage may be avoided by

A) raising the rate cap. B) lowering the payment cap. C) shortening the term of the mortgage. D) increasing the monthly payment.

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The SBA 7(a) loan program has a maximum loan amount of $5 million.

Answer the following statement true (T) or false (F)

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Karen has a checking account at First Bank. Karen writes a check to Bonanza Apartments for her

rent. In this situation: A) Karen is the payee, First Bank is the drawee, and Bonanza is the drawer. B) Karen is the drawer, First Bank is the drawee, and Bonanza is the payee. C) Karen is the payee, First Bank is the drawer, and Bonanza is the drawee. D) Karen is the maker, First Bank is the drawee, and Bonanza is the payee. E) Karen is the drawee, First Banks is the drawer, and Bonanza is the payee.

Business

The current expected value of a stock is $32. If investors demand a higher rate of return of 10% instead of the 8% rate of return, what will the impact on the stock price of the firm be??

A. The stock price will increase by 10%.? B. ?The stock price will not be affected by the change in the rate of return. C. ?The stock price will increase to $35. D. ?The stock price will reduce to zero. E. ?The stock price will decrease.

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