Why are contracts renegotiated periodically?
A) To lead employees into believing that they are individually unable to influence a change in the conditions causing their dissatisfaction
B) To lead employees into believing that changing jobs would improve conditions more than collective bargaining
C) To take into account changes in the economy and society
D) To take into account changing goals and objectives of the government

Question

Quizplus · Accepted Answer

Contracts are renegotiated periodically to take into account changes in the economy and society. This ensures that the terms of employment remain relevant and address the evolving needs of both the employer and the employees. Factors such as inflation, changes in labor laws, and market conditions can impact the terms of the contract, and renegotiation helps to ensure that the agreement remains fair and beneficial to all parties involved. Choices A, B, and D are not relevant reasons for why contracts are renegotiated.

Why Are Contracts Renegotiated Periodically