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Identify a disadvantage of being an S corporation.
Self-Directed Work Teams
Groups of employees who manage their own tasks and responsibilities without traditional managerial supervision, usually aimed at improving efficiency and job satisfaction.
Saturn Plant
A manufacturing facility operated by the Saturn Corporation, a subsidiary of General Motors, known for innovative labor-management relations and production techniques.
Management-Labor Relationship
The management-labor relationship is the dynamic interaction between management (employers) and labor (employees or their representatives), encompassing negotiation, cooperation, and sometimes conflict over work conditions, wages, and policies.
Labor-Management Relations
Interactions and negotiations between employer representatives and the workforce, or their unions, to establish workplace conditions.
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