Which of the Following Statements Is True About an Award

question 8

Multiple Choice

Which of the following statements is true about an award in arbitration?

• A) An arbitrator's decision is called an award only if monetary compensation is given.
• B) An arbitrator must cite precedents for the award.
• C) An award does not have to state any findings of fact or conclusions of law.
• D) An arbitrator strictly applies a rule of law while arriving at a decision.

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Definitions:

Stable Value System

Refers to an established and consistent set of beliefs and ethical standards that guide an individual or organization's behavior.

Strong Cultures

The set of shared beliefs and values that strongly influence the behavior of individuals within an organization.

Subcultural Values

The unique values and norms shared by a subgroup within a larger society, often differing or opposing the dominant culture's values.

Bicultural Audit

An evaluation of an organization's ability to integrate and respect two or more cultural backgrounds within its operations or strategies.