Although Final Offer Arbitration FOA)offers a Way Around Several of the Difficulties

question 67

Multiple Choice

Although final offer arbitration FOA) offers a way around several of the difficulties of conventional interest arbitration,a serious difficulty with this approach is that

• A)it can only be done on a "package" basis.
• B)arbitrators dislike it,because it's quicker and their fees are lower.
• C)the rate of negotiated settlements is low.
• D)it can foster a damaging "win- lose" mentality.
• E)it is often used in the U.S.

Explain the purpose of controlling and its significance in achieving organizational objectives.

Apply the concept of corrective action based on the comparison of actual performance against standards.

Differentiate between various performance comparison approaches (relative, engineering, historical).

Recognize the significance of setting appropriate performance standards and objectives.

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Definitions:

Customer Value

How a customer views the value of a product or service compared to other available options.

Video Teleconferencing

A technology that allows people in different locations to hold face-to-face meetings without needing to be in the same place, through the Internet and video equipment.

Social Networks

Online platforms that allow users to create profiles, share content, and interact with friends and communities.

Face-To-Face Encounter

A personal interaction between two or more people in the same physical location, often for business or social purposes.