Which of the Following Best Defines Final-Offer Arbitration

question 20

Multiple Choice

Which of the following best defines final-offer arbitration?

• A) After a short strike, the union offers a final contract to the firm that the firm must accept.
• B) An arbitrator produces a contract that the union and firm are both encouraged to accept.
• C) Final-offer arbitration occurs when the firm threatens to shut down unless the union accepts the firm's final offer.
• D) An arbitrator chooses the firm's last offer or the union's last offer, and both sides must abide by whichever contract is chosen.
• E) An arbitrator facilitates a discussion between the union and firm after the cool-down period has expired.

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Definitions:

Return On Investment

A measure of the profitability of an investment, calculated by dividing the net profit from the investment by its cost.

Operating Expenses

The costs associated with running the day-to-day operations of a business, excluding the cost of goods sold.

Average Operating Assets

Average operating assets are calculated by averaging the total value of a company's assets at the beginning and end of an accounting period, used in evaluating asset efficiency.

Minimum Required Rate Of Return

The lowest return on investment that a person or organizational entity, like a company, would accept for a given investment.