Examlex
In a control system,variance refers to the size of the difference between actual performance and the standard to be met.
Collective Agreement
A written contract negotiated between an employer and a union representing the employees, setting out the terms and conditions of employment.
Economic Needs
The basic requirements for an individual's or society's well-being and functioning, including food, shelter, healthcare, and employment.
Management Rights
The entitlements and powers that owners or managers of businesses have to direct and control operations and make decisions regarding the workplace.
Labour Organizations
Groups formed to represent the interests of workers in negotiations with employers over wages, benefits, and working conditions.
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