Briefly outline and explain the process of collective bargaining

What will be an ideal response?

Once a union has been elected, the employer and the union discuss the terms of employment of union members and try to negotiate a contract that embodies these terms. The act of negotiating is called collective bargaining, and the resulting contract is called a collective bargaining agreement. The employer and the union must negotiate with each other in good faith. Among other things, this prohibits making take-it-or-leave-it proposals. The subjects of collective bargaining are classified as follows:
1. Compulsory subjects: Wages, hours, and other terms and conditions of employment are compulsory subjects of collective bargaining.
2. Permissive subjects: Subjects that are not compulsory or illegal are permissive subjects of collective bargaining. These subjects may be bargained for if the company and union agree to do so.
3. Illegal subjects: Certain topics are illegal subjects of collective bargaining and therefore cannot be subjects of negotiation or agreement.

Business

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LPCO intends to sell securities. It is organized in the state where it carries on all of its business activities. If LPCO offers the securities in reliance on Rule 147, which of the following is a violation of federal securities laws and regulations?

A. LPCO makes unlimited offers to nonresidents. B. The offering exceeds $5 million. C. Interstate distribution is prevented. D. The number of purchasers exceeds 100.

Business

Compare and contrast a tariff and a quota

What will be an ideal response?

Business