Fact-Finding Differs from Arbitration in That

question 12

Multiple Choice

Fact-finding differs from arbitration in that:

• A) it relies heavily on public display of fact-finders' reports.
• B) it has a better record of producing a settlement.
• C) it was not allowed under the Taft-Hartley Act between 1947 and 1959.
• D) interest arbitration was used frequently during World War II.
• E) all of these are differences between fact-finding and arbitration

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Definitions:

Unamortized Patent

The portion of a patent's cost that has not yet been expensed in the income statement over its useful life.

Amortization Expense

The systematic allocation of the cost of an intangible asset over its useful life.

Fair Value

The proceeds from liquidating an asset or the fees involved in transferring a liability during a regular transaction with engaged market members on the bookkeeping date.

Undervalued Patent

A patent that is recognized at a market value lower than its potential earning power or its replacement cost.