Lyla, a Neutral Third Party, Tries to Resolve a Conflict

question 93

Multiple Choice

Lyla, a neutral third party, tries to resolve a conflict initiated by a manager and union representative at Houghlin Inc. She does so by listening to what both parties have to say about the issue and facilitating the negotiations. In this scenario, Lyla is exercising which type of alternative to work stoppages?

• A) mediation
• B) final-offer arbitration
• C) fact-finder technique
• D) conventional arbitration
• E) rights arbitration

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Definitions:

Shut Down

The process of ceasing operations, typically in a business context, either temporarily or permanently.

AVC

Average Variable Cost, which is the total variable costs of production divided by the quantity of output produced.

Average Variable Cost

The variable costs associated with production when divided by the total units manufactured, indicating the cost per unit that varies.

Average Fixed Cost

The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced, decreasing as production increases.