An important assumption of the employment relationship is the existence of a conflict of interests between managers and those they manage.

Question

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The employment relationship is based on the assumption that there exists a conflict of interests between managers and those they manage. While managers are interested in maximizing profits, those they manage are interested in job security, fair pay, and working conditions. This conflict of interests makes it necessary to have mechanisms such as labor laws, unions, and collective bargaining agreements to protect the interests of workers.

An Important Assumption of the Employment Relationship Is the Existence