Briefly answer the following homework questions on or before Sunday. Your Paper # 2 is also due on Sunday (submitted below).Which factors influence a firm’s ability to pay?List the rules of ERISA that employers with pension plans must comply with.Which characteristics of grade structures must be negotiated?Why was the Fair Labor Standards Act enacted?Why are grievance procedures a high-priority bargaining issue for unions? Explain with an example.What is meant by “dues check-off” and how does it benefit all parties?Define a “closed shop.”