The Decision of an Arbitrator

question 389

Multiple Choice

The decision of an arbitrator:

• A) must be in writing
• B) is referred to as a reward
• C) is binding on the parties as if it were a court decision
• D) may never be appealed
• E) all of the other choices

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Definitions:

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, and opportunity costs, over a certain period.

Credit

An arrangement wherein a borrower receives something of value now and agrees to repay the lender at a later date, usually with interest.

Graphically

Refers to representing data or models visually using graphs or charts.

Spread

Compensation to the underwriter, determined by the difference between the underwriter’s buying price and offering price. Also, the gap between the interest rate a bank pays on deposits and the rate it charges on loans.