According to John Dunlop,which of the Following Is Required for an Industrial

question 89

Multiple Choice

According to John Dunlop,which of the following is required for an industrial relations system to be successful?

• A)The system must always translate acceptance into convergence of interests.
• B)The system should completely eliminate conflict.
• C)The system should be independent of the environmental context.
• D)The system should consist of participants that have a common ideology.
• E)The system should exclude mechanisms such as collective bargaining.

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Definitions:

Corporate Form

A legal structure for organizing a business as a separate legal entity, which can own property, enter into contracts, sue and be sued, distinct from its owners (shareholders).

Sole Proprietorships

Sole proprietorships are businesses owned and operated by one person, where there is no legal distinction between the owner and the business entity.

Business Organization

A legal entity formed to carry out commercial or industrial enterprises by engaging in trading, manufacturing, or providing services.

Financial Manager

A professional responsible for managing the financial health of an organization by overseeing investment activities and planning for the long-term financial strategy.