Negotiators Sometimes Begin to Rely Too Heavily on Arbitration as a Means

question 171

True/False

Negotiators sometimes begin to rely too heavily on arbitration as a means of settling their contract disputes, rather than working hard to come to their own agreement. This is known as the chilling effect.

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Economic Value

Definition: The worth of a good or service as determined by the market, reflecting its ability to meet a need or desire.

Cognitive Ability

The mental capacity for processing information, applying knowledge, and changing preferences or behavior based on knowledge or reasoning.

Generalizable

Valid in other contexts beyond the context in which the selection method was developed.

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