Labor Relations Flashcard

Front

Arbitration places a dispute before a third party for a binding settlement.

Back

True

Front

A grievance procedure is an informal method of settling workplace disputes.

Back

True

Front

The market theory of wage determination states that salaries are best set by management.

Back

False

Front

Signaling theory assumes that people with college degrees are worth more in the marketplace than those with only high school diplomas.

Back

True

Front

The theory of negotiated wages states that organized labor helps to determine pay rates.

Back

True

Front

Which of these would most likely produce an exception to the market theory of wage determination? seizure, signaling theory, the equilibrium wage rate, the theory of negotiated wages

Back

the theory of negotiated wages

Front

In collective bargaining negotiations, who represents the interests of the workers?

Back

elected union officials

Front

Which noncompeting category of workers stands to gain the most from unionization? Options: skilled labor, unskilled labor, semiskilled labor, professional labor

Back

unskilled labor

Front

Which of these offers an explanation for why a less productive worker might make more than his or her peers? Options: seniority, fact-finding, the equilibrium wage rate, the market theory of wage determination

Back

seniority

Front

Which of the following is a term for a labor-dispute settlement tactic used by neither unions nor management? seizure, stoppage, mediation, arbitration

Back

mediation