The negotiation and ratification of a contract by the bargaining unit creates a(n)_____ equilibrium.
A) employment
B) management relations
C) union relations
D) divisional

Question

Quizplus · Accepted Answer

When a bargaining unit negotiates and ratifies a contract with management, it establishes an employment equilibrium whereby the terms, conditions, and expectations for both the employer and employees are outlined and agreed upon. This helps to prevent disputes and conflict, and ensures that both parties have a clear understanding of what is expected of them. While management and union relations may be affected by the negotiation process, they are not the primary focus or outcome of the contract itself. Divisional equilibrium is not a common term in labor relations, and does not accurately describe the outcome of a contract negotiation.

The Negotiation and Ratification of a Contract by the Bargaining