Examlex
How did interests,institutions,and interactions contribute to the success and failure of the Bretton Woods System?
Bargaining Power
The capacity of one party, such as a labor union or an employer, to influence the terms of an agreement during negotiations.
Union
An organized association of workers formed to protect and further their rights and interests; typically involved in collective bargaining and labor negotiations.
Managers' Primary Obligation
The fundamental responsibility of managers to ensure the survival and success of the organization by making effective decisions.
Best Interests
A principle guiding actions or decisions made with the well-being or favorable outcome for a party or concerned individuals as the primary concern.
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