Industrial Relations Systems Ensure That Acceptance Always Translates into Convergence

question 28

True/False

Industrial relations systems ensure that acceptance always translates into convergence of interests.

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Definitions:

Proprietary Income

Income earned from owning a business or holding exclusive rights to a product or service.

Government-run Businesses

Enterprises or corporations that are owned and operated by a government in order to provide goods or services to its citizens.

Excise Tax

A duty imposed on particular products, services, or actions, frequently intended to diminish their usage or to collect funds.

Elastic

Describes a situation where the demand for a product or service significantly changes in response to price changes.