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-BARSIC- [3]
2 years ago
6

The management at Bellows Inc. is faced with a strike threat from union members over a dispute concerning working hours for empl

oyees. The disputing parties approach a neutral third party to ensure that the discussions between them are moving forward. The third party, however, has no formal power over union representatives or over management. Which process is best exemplified in the scenario?
Business
2 answers:
Ksenya-84 [330]2 years ago
6 0

Answer:

mediation

Explanation:

Based on the scenario being described within the question it can be said that the process that is being exemplified in this scenario is known as mediation. This term refers to bringing in an impartial third party in order to assist two disputing parties towards resolving a specific conflict between them. This third part does not necessarily need to have any formal power but must be impartial in order to provide their unbiased opinion.

sveticcg [70]2 years ago
3 0

Answer:

C) conciliation

Explanation:

When a neutral third party gets involved in a collective bargaining dispute involving unions, it can be either a mediator or conciliator depending on the stage of the negotiations.

In this case, since the problem hasn't escalated yet to a strike or or a lockout, the third party involved is a conciliator. Generally a conciliator is called to help the company and the union to reach an agreement before things get complicated.

If the conciliator is not successful, and things start to get messy, then you have to call a mediator. Which can actually be the same person, but just as a medical examiner is a doctor that looks at dead people while a MD treats living people, a mediator gets involved once the fight starts while the conciliator tries to avoid it.

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Suppose that the USA can make 15,000,000 cars or 20,000,000 bottles of wine with one year's worth of labor. France can make 10,0
Artemon [7]

Answer: The answer is as follows:

Explanation:

From these numbers, we can conclude that USA has a comparative in producing cars and France has a comparative advantage in producing bottles.

Opportunity cost shows that how many units of one good have to be foregone in order to produce one additional unit of other good.

In USA:

Opportunity cost of producing bottles = \frac{15000000}{20000000}

= 0.75

Opportunity cost of producing cars = \frac{20000000}{15000000}

= 1.33

In France:

Opportunity cost of producing bottles = \frac{10000000}{18000000}

= 0.55

Opportunity cost of producing cars = \frac{18000000}{10000000}

= 1.8

Above calculations clearly shows that USA has a lower opportunity in producing 1 unit of car as compared to the France, so it has a comparative advantage in producing cars.

Whereas, France has a lower opportunity in producing 1 unit of bottle as compared to the USA, so it has a comparative advantage in producing Bottles.

5 0
3 years ago
What is a major function of both retail and business banks?
dimaraw [331]

Answer:

A. Providing checking and savings accounts

Explanation:

"Bro had a stroke mid comment" LOL

4 0
3 years ago
If a bond's coupon rate exceeds its yield to maturity, the bond is selling at ____________.
Lera25 [3.4K]

If a bond's coupon rate exceeds its yield to maturity, the bond is selling at a premium over par.

A premium is an amount that an insured person pays to an insurance company on a regular basis to cover a risk. Description: In an insurance contract, the risk is transferred from the policyholder to the insurance company. To take on this risk, insurance companies charge an amount called a premium.

This is the price paid to an insurance company by an individual or company wishing to enter into an insurance policy. Premiums are the income of insurance companies. The premium amount depends on the type of insurance. It also depends on factors such as the type of insurance coverage. The age group to which the policyholder belongs.

Learn more about premium here: brainly.com/question/1191977

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5 0
1 year ago
If a company is located in south america, what cultural factor would explain the company's choice of a mechanistic structure?
Anika [276]

Based on movies and books I've read, I noticed that the culture in South America is big on familial love. Their family spreads not only immediately, but even to cousins after cousins. You can see them living in family compounds and they greet each other as families.

Therefore, this could be a reason for the company's choice of a mechanistic structure. This structure is about the working together of single parts to create an efficient mechanism. Thus. familial relationship is very important. They have to invest in close family ties through social events.

8 0
3 years ago
Charging high prices to earn large profits during a time when there is little competitionrepresents a ________ strategy:________
Usimov [2.4K]

Answer:

Skimming

Explanation:

Price skimming, also known as skim pricing, is a pricing strategy used by those who face little or no competion, what normally happens is that a firm charges a high price and then gradually may need to lowes the price to attract more customers.

Price skimming is used to earn large profits especiallyn when a new product or service is introduced into the market. The pricing strategy is largely useful iwhen the firm is the first to enter the marketplace. The aim of this is to generate the large profit in the shortest time possible.

6 0
3 years ago
Read 2 more answers
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