BUSINESS ADMINISTRATION
INDUSTRIAL RELATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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avoid industrial conflicts and develop harmonious relations
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Get more profits
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satisfy the needs of customers
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cater needs of stakeholders
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Detailed explanation-1: -To avoid industrial disputes. To raise the production capacity. To establish industrial democracy. To minimise the labour turnover rate and absenteeism.
Detailed explanation-2: -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-3: -The most important benefit of industrial relations is that this ensures continuity of production. This means, continuous employment for all from manager to workers. The resources are fully utilized, resulting in the maximum possible production. There is uninterrupted flow of income for all.
Detailed explanation-4: -Objectives of industrial relations include collective wisdom, conflict prevention, etc.
Detailed explanation-5: -Explanation: Mismanagement of Union is usually not an objective of industrial relations since industrial relations is concerned with the employer and the employee with their respective organization, at work or arising out of the working situation.