question_answer

Study the following passage carefully and answer the questions given below:

The term "“Industrial relations"” was emerged in the mid-20th century to describe the involvement between industrial workers and industry owners. As employment diversified into non-industrial work, the broader term ‘'employment relations'’ began to be used to describe the functional interactions between workers and employers. The nobles functioning like '‘lords and masters'’ hired their most loyal servants as ‘'bailiffs'’ to manage and suppress the rest of the workers. This was the origin of the '‘feudal’' system under which nobility not only determined wages, but also the taxes for the right to rent and cultivate the land to the government. In an economy that is part capitalist and part socialist, the power dynamic between the workforce, management and business owners is based on the fact that these entities are differently motivated, which impacts who exercises the authority to allocate, organize, manage and compensate the work in the organization. Balancing the needs of the labor force with that of the organization is the challenge that human resources managers deal with on an ongoing basis. Thus, the modem business administration has the combination of all these aspects in it with the requirement of dynamic leadership quality.

What is imperative when capitalist and socialist coexist in business organization?

A) Diversified into non-industrial work and nobility

B) Themed to authority of allocation and compensation    

C) Dynamic leadership quality and bailiffs ideology

D) Human resource balancing needs is catered