Examlex
Fixed costs automatically increase or decrease with the level of activity within a relevant range of activity.
Works Council
Employee representation bodies within a workplace that consult with management on issues affecting workers, common in many European countries.
Labor Relations
The study and practice of managing relationships between employers and their workforce, often involving labor unions, collective bargaining, and labor laws.
Centralized System
A system where decision-making authority is concentrated at a single point or within a limited structure, often at the top levels of an organization or government.
Arbitration Awards
The binding rulings issued by arbitrators that conclusively resolve the dispute between parties.
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