Labor Unions

Union definitions and items

sole propertyship

a business owned by one person

partnership

a business owned by more than person

corporation

a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

charter

A charter is a legal document that provides for the creation of a corporate entity.

board of directors

a group of people to oversee a company

franchise

an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.

non profit

a organization that puts all the profit back into the business

labor union

a group of workers who band together for better rights

right to work

the ability to work to all people

collective bargaining

negotiation of wages and other conditions of employment by an organized body of employees.

strikes

walkouts on a company

lockout

the exclusion of employees by their employer from their place of work until certain terms are agreed to.

picketing

act as a literal picket outside (a place of work or other venue).

injunction

an authoritative warning or order.

mediation

intervention in a process or relationship; intercession.

arbitration

the use of an arbitrator to settle a dispute.

social responsibility

Social responsibility is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large

transparency

a company with no hidden agendas or corruption

name two labor union tools

strikes, collective bargaining

name two responsibilities of an owner

the environment and social well being

manual labor

work done by hand without machines

contract

a binding agreement between two or more persons that is enforceable by law