If one believes the employment relationship is characterized by equal bargaining power in a self-regulating market, then the appropriate workplace governance should be:
A) Human resource management
B) Government regulation
C) Collective bargaining
D) Competitive markets

Question

Quizplus · Accepted Answer

If one believes in the concept of equal bargaining power in a self-regulating market, then the appropriate workplace governance should be competitive markets. This implies that the market forces would regulate and balance the power between employers and employees, and no external intervention or regulation would be required. Human resource management or collective bargaining may be necessary only if the power dynamics in the workplace are unequal, and government regulation may be needed if the market mechanism fails to address the possible exploitation or abuse of workers.

If One Believes the Employment Relationship Is Characterized by Equal