_______ Gives Arbitration Disputants a Powerful Incentive to Continue Negotiating

question 7

Multiple Choice

_______ gives arbitration disputants a powerful incentive to continue negotiating seriously,especially if they are concerned that the arbitrator will not accept their extreme offer.

• A)The biasing effect.
• B)The chilling effect.
• C)Final offer arbitration.
• D)The decision-acceptance effect.

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Definitions:

Total Compensation

The complete package of direct financial benefits (like salary, bonuses) and indirect benefits (such as health insurance, pensions) that an employee receives from an employer.

ESOP

Employee Stock Ownership Plan, a program that provides company stock to employees as part of their compensation.

Gain-Sharing Plan

A compensation strategy where employees receive bonuses based on the company's profits or improvements in performance, fostering a sense of ownership and teamwork.

Lump-Sum Increase

A one-time payment given to employees, typically in lieu of recurring pay raises, often based on performance.