_________ Reduces the Arbitrator's Authority to "Split the Difference

question 18

Multiple Choice

_________ reduces the arbitrator's authority to "split the difference."

• A) Fact finding
• B) Grievance arbitration
• C) Interest (contract arbitration)
• D) Med-Arb
• E) Final-offer total package arbitration

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Definitions:

Tax Due

The amount of tax liability one owes to a tax authority after all calculations are completed.

Wash Sale Rules

IRS regulations that disallow the claim of a loss on the sale of a security if a substantially identical security is purchased within a 30-day period before or after the sale.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Like-Kind Exchange

A tax deferral for the exchange of business or investment properties that are of the same nature or character, without cash being involved.