4
QuizMultiple Choice

Business and Government — Test

Question 4 • Economics

What is the definition of collective bargaining?

Answer
A
ongoing salary negotiations between an employee and a factory owner
B
labor union and employer negotiations about wages and other issues
C
a written set of guidelines about legal and illegal workplace conditions
D
an agreement among a group of factory owners to raise worker wages

Explanation

Collective bargaining is the process in which a labor union represents workers in negotiations with an employer. They discuss wages and may also address benefits, hours, and working conditions. The correct choice is labor union and employer negotiations about wages and other issues.

AI-written and checked against the verified answer.

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