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A philosophy may be thought of as a system of values or principles by which you live.What is the connection between philosophies and the business decisions that managers make? Why are philosophies important?
Residual Rights Theory
A concept in labor law that suggests employees have rights to certain workplace conditions not explicitly outlined in contracts.
Management Rights Clauses
Sections of a labor contract that delineate the powers and prerogatives of management to operate and manage the business.
Contract Provisions
Specific clauses or terms included in a contract that dictate the obligations, rights, and exceptions within the agreement.
Collective Bargaining
The process where workers, through their unions, negotiate contracts with their employers regarding wages, work conditions, and other employment issues.
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