BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Bilaterally The decision is made by two parties i.e. employers and employees. The best example is collective bargaining practices. iii. Tripartite manner The decision is made by three parties i.e. employers, employees and government.

Detailed explanation-2: -An example of a unilateraldecision by the employer is determination of the salary. This is typically set up by theemployers and the employees would have to simply accept this. The second type of decision making is bilateral decision making.

Detailed explanation-3: -(i) Labour relations i.e., relations between union-management (also known as labour management relations); (ii) Group relations i.e., relations between various groups of workmen i.e., workmen, supervisors, technical persons, etc.

Detailed explanation-4: -Good industrial relations are the outcome of-(a) Healthy labour management relations, (b) Existence of industrial peace and settlement of all disputes in such a manner that there are no strikes or lockouts and (c) Labour participation in industry which is referred as Industrial democracy.