Bekow is the question i want you to answer. All I need is a short answer for each question and all resources that you use must be avilable onine for free . Let me know if any question . Industrial Relations and Labor lawIndividual Assignment # 2Instruction: Write your full name, section and Id. Number. Answer all questions and make sure that your answer to each question is clear and complete. All questions carry equal points. 1. a) Why is collective bargaining important for business?b) Why is it important for parties in the labor relationship to negotiate an agreement as part of the process of collective bargaining?2. a) What is to bargain in good faith?b) Does the involvement of workers representatives in corporate restructuring/sale processes fall within the scope of collective bargaining agreements?c) What information should be shared with workers representatives for negotiations and collective bargaining?3. a) How do workers know if their company is considered an essential service, and if it is, what are the rights of workers to strike?b) Discuss the main objectives of collective bargaining. 4. a) What are the Contents of the Collective Agreement in the Ethiopian context?b) Enumerate the major Conflict Management Techniques providing examples of when may be appropriate and the advantages and limitations.. 5. Case base questions: answer the questions given at the end of the case given below.In a company X, union had given a proposal to the management for a 20 % hike in the wages. The collective bargaining process was still going on.The Industrial relations manager was clever, so he called for an immediate meeting with the union. He tried to put the state of affairs in front of the union and asked them to find a solution. This is what he presented to the union: The input prices (cost of raw material, electricity, water etc) have gone up by 10 % Due to competition the company has to reduce the product price by 10% At the same time the share holders are also expecting 5 % more returns from the existing 15 %The IR manager puts forward the above circumstances in front of the union and asked them to give a solution.Questions:a. How do you develop a strategy to respond this situation?b. What are the areas that you can explore to find an answer?
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