According to John Dunlop,which of the Following Is Required for an Industrial

question 89

Multiple Choice

According to John Dunlop,which of the following is required for an industrial relations system to be successful?

• A)The system must always translate acceptance into convergence of interests.
• B)The system should completely eliminate conflict.
• C)The system should be independent of the environmental context.
• D)The system should consist of participants that have a common ideology.
• E)The system should exclude mechanisms such as collective bargaining.

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Definitions:

Transaction Costs

Expenses incurred during the process of buying or selling a good or service, which can include fees, taxes, and other charges.

High Cost

A term describing situations or items that require a significant amount of resources or money to obtain or maintain.

Marginal Products

The additional output resulting from the use of one more unit of a variable input while holding other inputs constant.

Separating Equilibrium

A condition in game theory or economics where different types of participants are sorted into different equilibria based on their characteristics or type.