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Which of the following is a transfer payment? I. Social Security
II) Unemployment benefits
Turnover
Refers to the rate at which employees leave a company and are replaced by new employees.
Good Faith Bargaining
Negotiation between employers and employees' representatives that is characterized by honest, sincere intention to reach a mutually acceptable agreement.
Interest-Based Bargaining
A negotiation strategy focusing on the underlying interests and needs of the parties involved rather than fixed positions.
Traditional Bargaining
The conventional approach to labor negotiation where union and management representatives discuss terms and conditions of employment, focusing on wages and working conditions.
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