US Companies Use Arbitration While an Agreement Is in Effect

question 131

True/False

U.S. companies use arbitration while an agreement is in effect to avoid wildcat strikes or unplanned work stoppages.

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Definitions:

Salvage Value

An asset's expected selling price once it has concluded its period of usefulness.

Sunk Costs

Past expenditures that have already been incurred and cannot be recovered.

Incremental Cash Flows

The extra cash flow from operations generated by a company when it embarks on a new project.

Net Present Value

The difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to assess the profitability of an investment.