To increase its bargaining power and add force to its demands, a union may engage in a temporary work stoppage or:
A) picketing.
B) strike.
C) boycott.
D) a lockout.
E) collective bargaining.
Question 2 - As a salesperson for his company, Tony first follows all laws and regulations. But beyond that, he refrains from knowingly deceiving or misrepresenting others. This is an example of which of the three primary components of business ethics?
A) Maximizing returns
B) Competing fairly and honestly
C) Avoiding conflicts of interest
D) Free flow of information
E) Being transparent
Question 3 - When the National Basketball Association players were not able to negotiate a suitable contract, they stopped playing until an agreement could be reached. This is an example of a(n):
A) embargo.
B) strike.
C) boycott.
D) collective bargaining.
E) walkout.
Question 4 - Customers expect a firm's products to:
A) boost sales.
B) be profitable.
C) earn a reasonable return on investment.
D) be available anywhere.
E) be safe, reliable, and reasonably priced.
Question 5 - This step in the collective-bargaining process involves proposals and counterproposals.
A) Voting
B) Preparing for negotiations
C) Ratification
D) Reaching an agreement
E) Meeting between management and labor
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