When Union and Management Come to an Impasse,sometimes the Dispute

question 20

Multiple Choice

When union and management come to an impasse,sometimes the dispute is sent to a third party for a decision.This process is known as ________.

• A) collective bargaining
• B) mediation
• C) arbitration
• D) strikebreaking
• E) a lockout

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Definitions:

Alien Corporation

Firm incorporated in one nation and operating in another nation.

Common Stock

Represents ownership shares in a corporation, giving holders voting rights and a claim on a portion of the company’s profits through dividends.

Voting Rights

The entitlement of shareholders or citizens to vote in company or public elections, respectively.

Residual Claims

Financial rights to assets remaining after all debts have been settled, often referring to shareholders' claims on a company's earnings and assets after paying creditors.