The Use of a Neutral Third Party to Assist an Organization

question 62

Multiple Choice

The use of a neutral third party to assist an organization and the union representing a group of its employees to come to a mutually satisfactory collective agreement is known as

• A)interest arbitration.
• B)rights arbitration.
• C)mediation.
• D)conciliation.
• E)LRB intervention.

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Definitions:

Interest Charges

The cost incurred for borrowing money, typically expressed as a percentage of the total amount borrowed.

Sales

The transactions of selling goods or services within a specified period, often measured to assess company performance.

Average Net Fixed Assets

The average value of a company's fixed assets, like property, plant, and equipment, net of depreciation, over a specified period.

Industry Average

A metric that represents the average performance or benchmark for a particular industry or sector.