If the Negotiations Between a Union and the Management Representatives

question 25

Multiple Choice

If the negotiations between a union and the management representatives of a firm come to a standstill and a third party is brought in to make suggestions or propose solutions to help resolve the impasse,though the solutions are not binding on the parties,then the third party would most likely be a(n) :

• A)arbitrator.
• B)mediator.
• C)scab.
• D)picketing agent.
• E)conciliator.

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Definitions:

Personal Use

Utilization of property or goods in a manner primarily for the individual's own consumption, enjoyment, or benefit, rather than for business or commercial purposes.

Capital Contributions

Monetary or non-monetary assets that are provided to a company by its owners or shareholders to increase its equity.

Capital Account

An account on a country's balance of payments that records transactions involving the acquisition or disposal of assets and liabilities.

Income Distribution

The manner in which total income is spread amongst the shareholders, partners, or other stakeholders in a company or economy.