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What Are The Advantages And Disadvantages Of Labor Unions

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Partnership:

 The partners share responsibilities
 They co-own a business
 May acquire greater financial resources than sole proprietors
 They share time commitment, & business losses  Profits are shared
 They have unlimited personal liability for all the other partners
 There may be conflicts
 More difficult to close
 Agents of the business dilemma.
Corporation

 The owners, or shareholders, are not entirely held responsible for corporation debt
 The owners typically hire employees to operate a company
 Funds are easily increased by corporations.
 Typically, Corporations usually have a much lower tax rate.
 Even after the death of its owner, a corporation can still exist.  Corporations usually have more complicated …show more content…

Labor Unions Management Advantages: collective agreements with unions will create a set agreement. This cannot be disputed until the contract officially expires.
Employee Advantages:
 the unionized employees have much more job security
 The workers are also allowed to file complaints with their union representatives. These concerns are then take to management

 The workers will see a steady increase in the salary and benefits Labor Strikes: Preventing productivity can lead to many issues. There also is no guarantee that the strikes will actually work.
 Incentives: the employers have very few options when it comes to motivating their workers.
 When working at a union establishment, dues are deducted automatically from the paycheck.
 The majority always makes the final call. They are the ones who get to make the final decision, while those who disagree have no say.
 The unions are able to restrain the ability of a business to remain competitive.
Coops
• The members usually own and have total control the business. They also share the running of the business and the start-up costs
• They equally share the financial

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