Which of the Following Is Correct Regarding First Contract Arbitration

question 68

Multiple Choice

Which of the following is correct regarding first contract arbitration:

• A) It will be imposed whenever the union and the employer cannot negotiate a first agreement.
• B) It is available only on the application of the union.
• C) It could be used to achieve a significant breakthrough in a collective agreement.
• D) It discourages unions from taking unreasonable positions in negotiations.
• E) It forces employers to agree to union demands.

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Definitions:

Ownership-based Governance

A system where ownership rights are central to decision-making processes and governance structures.

Due Diligence

A comprehensive appraisal of a business or individual’s financial performance, legal obligations, and other details conducted before entering into an agreement or transaction.

Short-termism

The focus on immediate results or benefits at the expense of long-term interests or sustainability.

Quarterly Earnings

The financial performance reports of a company issued every three months, often including net income, earnings per share, and net sales.