Contract Negotiation

Broker
An agent who brings two parties together, enabling them to enter into a contract to which the broker is not a principal.
Management Prerogative
Management prerogative, also known as management rights, refers to the rights believed by management to be exclusively theirs and not subject to bargaining in a collective bargaining contract.
Strike
A strike is an organized work stoppage by labor intended to exert pressure on management for better contract terms, improved working conditions, settlement of grievances, or union recognition as a bargaining agent.

Accounting Terms Lexicon

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