In 2004, owners of National Hockey League teams wanted to lower player

QUESTION

In 2004, owners of National Hockey League teams wanted to lower players’ salaries in an effort to reduce costs. After lengthy negotiations with the players’ union failed, the owners effectively canceled the entire 2004-2005 season.

What is that management tactic called?
A) a strikebreak
B) an injunction
C) a lockout
D) a sitdown strike
E) a boycott

ANSWER

Answer: C
Explanation: C) A lockout is a management tactic to put pressure on the union by closing the company and not paying workers.