Which term describes the process by which a union negotiates with management for a contract?

Study for the IB Business Management HL. Prepare with flashcards and multiple-choice questions, each with hints and explanations. Get ready for a successful exam journey!

Multiple Choice

Which term describes the process by which a union negotiates with management for a contract?

Explanation:
Collective bargaining is the process where a trade union negotiates with management over the terms of employment to reach a contract. It covers wages, hours, benefits, working conditions, and grievance procedures, with the resulting agreement setting those terms for a period of time. This distinguishes it from conciliation, which is a third-party mediation step used when negotiations stall; empowerment relates to giving employees more decision-making power, and de-layering refers to removing layers of management—procedural ideas that are not about wage and condition negotiations between a union and a boss.

Collective bargaining is the process where a trade union negotiates with management over the terms of employment to reach a contract. It covers wages, hours, benefits, working conditions, and grievance procedures, with the resulting agreement setting those terms for a period of time. This distinguishes it from conciliation, which is a third-party mediation step used when negotiations stall; empowerment relates to giving employees more decision-making power, and de-layering refers to removing layers of management—procedural ideas that are not about wage and condition negotiations between a union and a boss.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy