When companies in an industry pool their financial resources to help cover the costs of a member company whose workers go on strike,the effort is called which of the following?
A) resource sharing
B) a mutual-aid pact
C) partners in strikes
D) mutual assistance

Question

Quizplus · Accepted Answer

A mutual-aid pact is an agreement in which companies in an industry agree to provide financial resources to help cover the costs of a member company whose workers go on strike. This is done in exchange for a promise that the company will provide similar assistance to other companies in the event of a strike. It is a form of cooperation between companies to manage the risks associated with labor disputes. The other choices are not commonly used terms for this type of agreement.

When Companies in an Industry Pool Their Financial Resources to Help