Final answer:
The bargaining unit is not a team formed by management, but rather a group of employees represented by a labor union in collective bargaining. It is the labor union that negotiates with employers over wages and working conditions, seeking to balance power in the labor market.
Step-by-step explanation:
The statement that the bargaining unit is the team formed by management to solve labor issues within the company is false. A bargaining unit is actually a group of employees with a clear and identifiable community of interests who are represented by a single labor union in collective bargaining and labor relations.
It is the labor union that negotiates with the management on behalf of the employees, not the other way around. The role of the labor union is to improve wages, working conditions, and other aspects of employment through this bargaining process.
Labor unions play a significant role in shaping the balance of power in the labor market. With the authority to negotiate as a collective, unions act somewhat like a monopoly, which can influence labor supply and wage levels.
They can organize strikes or engage in bargaining to enforce their demands or defend their member's interests. On the other hand, management may form its own negotiating team, but this is not referred to as a bargaining unit; it is usually part of human resources or a special negotiating committee.