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Which of the following is NOT true about privatization?
Binding Decisions
Decisions that are legally enforceable and must be adhered to by the parties involved.
Labor Union
An organization that represents the collective interests of workers in negotiations with employers over wages, working conditions, and other employment terms.
Employee Benefits
Various types of non-wage compensation provided to employees in addition to their normal wages or salaries.
Neutral Third Party
An independent person or entity that is not involved in any side of a conflict or negotiation, offering assistance in resolving disputes without bias.
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