Business Finance Homework Help

Primary Task Response:

Write 450–600 words (not including references and citations) In APA Format that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. Must have references and Citations in APA format listed

The value of negotiation in labor management relations is such that both parties bargain in good faith and are able to come to agreement on all mandatory collective bargaining items. It is important to understand details of this process to avoid an impasse. A strike or lockout might occur if there is an impasse. An impasse can have costly consequences for the union, management, and consumers.

Please discuss the following:

• What is good faith bargaining?
• What items are mandatory and illegal in the collective bargaining process?
• If labor and management come to an impasse over employee benefits and a strike occurs, what strategies would you recommend to break the impasse? Provide an example using a real-life case.