A collective bargaining agreement is also known as a last chance agreement.

Question

Quizplus · Accepted Answer

A collective bargaining agreement is a contract between an employer and a union that outlines the terms and conditions of employment. A last chance agreement, on the other hand, is an agreement between an employer and an employee with a history of misconduct, in which the employee is given one last chance to improve their behavior or face termination.

A Collective Bargaining Agreement Is Also Known as a Last