When a strike or a lockout occurs,
A)Only labor suffers.
B)Both labor and management suffer.
C)Only management suffers.
D)Management suffers from a strike while labor suffers from a lockout.

Question

Quizplus · Accepted Answer

Both labor and management suffer during a strike or a lockout. Strikes result in lost wages for workers and lost profits for the company, while lockouts result in lost wages for workers and lost productivity for the company. Both sides are impacted by the loss of income and potential damage to business reputation.

When a Strike or a Lockout Occurs