BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

INDUSTRIAL RELATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Most industrial relations systems are tripartite.
A
TRUE
B
FALSE
Explanation: 

Detailed explanation-1: -Tripartism is an economic system of neo-corporatism based on a mixed economy and tripartite contracts between employers’ organizations, trade unions, and the government of a country.

Detailed explanation-2: -Industrial Relations in India are the outcome of principles and policies evolved through tripartite consultative work at national level with basic objective of bringing the concerned groups on the negotiating table for mutual settlement of differences in a spirit of cooperation and goodwill.

Detailed explanation-3: -Abstract. We have already identified the parties (actors) in an industrial relations system to be: the workers and their organisations, the employers and their associations, and the government and its agencies.

Detailed explanation-4: -The tripartite relationship refers to the relationship between the insurer, the insured, and the attorney arising out of the insurance contract. Each party to the relationship has their own respective duties and roles, which will be discussed in turn.

There is 1 question to complete.