Staggered,overlapping contracts mean
A)the contract between workers and firms can be opened for renegotiation if other key firms in the industry have signed a new contract within the last ninety days.
B)each firm within an industry agrees to negotiate with the union according to a schedule.
C)not all labor contracts within the economy expire at the same time.
D)different contracts are reached for the different skill classifications of workers within a firm.

Question

Quizplus · Accepted Answer

Staggered, overlapping contracts mean that not all labor contracts within the economy expire at the same time. This allows for more flexibility in negotiations and can prevent industry-wide work stoppages. Options A and B do not accurately describe staggered, overlapping contracts. Option D describes different contracts for different skill classifications, but does not specifically address staggered, overlapping contracts.

Staggered,overlapping Contracts Mean