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Social Terms for Labour and Management (Chpt 6&7)

AB
collective bargainingis a procedure used in labour relations that involves an employer talking with an employee representative, usually from a union, about working conditions and other concerns
Binding arbitrationis a process that sometimes happens under collective bargaining when a third part has to resolve a dispute and impose a decision on both employer and employees
indentured servantsare people who are under contract to work exclusively for someone else for a set period of time.
Migrant workersare people who move from one part fo the country to another to perform seasonal work such as harvesting crops
closed shopsare those businesses that hire only union members. Once hired by a closed shop, a person is expected to join the union.
suffragettegroup of women who lobbied for the right to vote
humanitarianismis a doctrine that humans are obligated wholly to the welfare of the human race.
mergeris the act of joining two or more organizations
duesare the monies owed in order to maintain a membership ina club or union.
Blue-collar workersare people who work at manual or industrial labour. The name comes from a common workshirt colour.
mandatoryobligation that is a command or an official order.
genderrefers to whether a person is male or female.
Bargaining in bad faithoccurs when agreements are reached that do not meet the requirements fo the parties being bargained for.
mediateis to act as a go-between for two or more opposing parties.
arbitratoris someone who has the full power to judge or decide an issue.
recessionis a period of temporary decline in business.
stockscertificate of ownership in a company
fictitious persona "person" who does not exist
aggregateis a mass of separate things or people joined together or associated
equityis the amount that would be left after a business paid all tha is owed
restrain tradewhen a company tries to prevent free competition from taking place
civil suitsare matters relating to personal rights that are taken to court
inventoriesconsists of all existing goods held by a company
unconstitutionalmeans that an action is contrary to the constitution of a company
Unionsare groups of workers joined together to protect or promote their common interests
Labour movementincludes all the organized activities which wage earners undertake to improve their own working conditions.

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