More Fundamentally,collective Bargaining Assumes at Least Rough Equality Between the Parties.Particularly

question 21

Essay

More fundamentally,collective bargaining assumes at least rough equality between the parties.Particularly in a difficult economy like the present one,this may not be a safe assumption.When power is tilted strongly toward employers as at present),unions find it harder to negotiate effectively,and the collective bargaining process does less well than it otherwise would at defusing workplace conflict,leading to an increase in other types of conflict such as increased grievance rates and increased absenteeism and sick leave.

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Definitions:

Payment Date

The specified date on which a payment, such as a dividend or bond interest, is made by a company to its shareholders or bondholders.

Negotiable

Something that can be discussed or altered in order to reach an agreement; in finance, refers to instruments like checks or bills of exchange that can be transferred to another party.

Optional Payment

A payment made by choice as opposed to requirement, often seen in loan agreements where the borrower may pay more than the minimum due.

Maturity Date

the specific date on which a financial instrument, such as a loan or bond, reaches its expiration and the principal is due to be repaid.