BUSINESS ADMINISTRATION
INDUSTRIAL RELATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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no industrial dispute and industrial action
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settlement of dispute at an early stage
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minimal industrial dispute and industrial action
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settlement of dispute by picket and strike
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Detailed explanation-1: -Harmonious industrial relations refers to an industrial environment where workers along with their union and management understand and accept each other as partners in progress; that a cooperative attitude is mutually beneficial in terms of output, performance and rewards.
Detailed explanation-2: -Industrial dispute means any dispute of difference between employees and employers or between employers and workmen or between workmen and workmen, which is connected with the employment or non-employment of the terms of employment or the conditions of work of any person (The industrial Disputes Act 1947, Section 2K).
Detailed explanation-3: -Answer 1 : Industrial Dispute means any dispute or differences between employers and employers or between employers and workmen or between workmen and workmen which is connected with the employment or non-employment or the terms of employment or with the conditions of labour of any person.
Detailed explanation-4: -It helps to minimise wastage of material, manpower, and costs. Economic Growth And Development: Good and harmonious industrial relations result in increased efficiency and hence prosperity, which in turn minimise turnover and other tangible benefits to the organisation. This promotes economic growth and development.