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Arbitrators can make decisions that are binding for both the union and management.
Portfolio Beta
A measure that evaluates the risk of an investment portfolio by determining how sensitive it is to market movements.
Risk-Free Asset
An investment with a guaranteed return and no risk of loss, often exemplified by government bonds.
Market Portfolio
A market portfolio is a theoretical bundle of investments that includes every type of asset available in the world financial market, with each asset weighted by its market capitalization.
Beta
An indicator of how much a stock's price movement varies compared to the general market, signifying its relative risk to the market norm.
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