As the Human Resources Manager of Your Firm,the Task of Putting

question 20

Multiple Choice

As the Human Resources manager of your firm,the task of putting into effect the firm's new mandatory arbitration agreement has fallen to you.At a minimum,legally,which of the following actions are required to make the policy enforceable?

• A)send email notice to all employees that a mandatory arbitration policy has been adopted
• B)post the mandatory arbitration policy on the firm's website, and ask employees to visit the site and review the policy
• C)provide employees with a copy of the agreement, and ask them to sign it
• D)make certain that the agreement provides, and the employees understand, that they are waiving their rights to sue
• E)all of these are legally requird
• F)none of these are legally required
• G)only c and d are legally required

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Definitions:

Elasticity Of Demand

An indicator of the sensitivity of demand for a product to fluctuations in its price.

Marginal Cost

The additional total expense that results from the creation of one more unit of a product or service.

Monopoly Power

The ability of a single seller to control prices and total market supply in an industry.

Social Cost

The total cost to society, including both private costs borne by individuals and external costs affecting others not directly involved in a transaction.