An Arbitrator's Decision

question 25

Multiple Choice

An arbitrator's decision:

• A) includes a statement of the issue.
• B) includes a statement of the facts surrounding the grievance.
• C) discusses the validity and relative weight of the facts and contentions.
• D) includes the arbitrator's award.
• E) all of these

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Definitions:

Automobile Factory

A manufacturing facility that specializes in producing automobiles, utilizing assembly lines for efficient mass production.

Unemployment

Occurs when people who are willing to work are unable to find jobs, representing a wasted potential in the economy.

Underemployment

describes a situation where workers are employed in capacities below their skill level or work fewer hours than they would prefer.

Opportunity Cost

The cost of what is forgone in order to pursue a certain action or decision.