Most Countries Base Their Industrial Relations System on the Perspective

question 21

Multiple Choice

Most countries base their industrial relations system on the perspective that:

• A) Worker rights should be valued over employer rights.
• B) Employer rights should be valued over worker rights.
• C) There should be balance between worker and employer rights.
• D) Consumer rights should be valued over worker rights.

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Definitions:

Export Cooperatives

Organizations formed by producers with the aim of marketing and selling their products in foreign markets collectively.

Currency Exchange

The process by which one currency is converted into another, enabling international trade and investment.

Nationalizations

The process by which governments take private assets into public ownership, typically key industries or resources.

Polycentric

An approach in international business where a company gives autonomy to each host country operation to tailor strategies and practices to local conditions.