Owners of the “Boston Globe” threatened to shut down the paper unless “unions there made significant concessions.” In this context, the word “concessions” involves
A allowing employees to participate in decision-making.
B giving up something in order to reach an agreement.
C accepting that something unproven is actually true.
D exchanging job security for better working conditions.
The correct answer is B giving up something in order to reach an agreement.
In this context, “concessions” refers to compromises that need to be made by the unions, which typically involve giving up certain demands or benefits to facilitate an agreement with the owners of the “Boston Globe.” This is a common practice in negotiations, particularly in labor disputes, where both sides may need to make concessions to find a mutually acceptable solution.