The Uncertainty of What the Arbitrator Will Choose and the Loss

question 52

Short Answer

The uncertainty of what the arbitrator will choose and the loss of control by the negotiators over settlement terms motivate negotiators to reach their own negotiated agreement without resorting to arbitration. This is known as the _______________________________ effect.

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Definitions:

Substrates

A substance or layer that underlies something, or on which some process occurs, in various scientific fields, it often refers to the base on which an organism grows or the substance enzymes act upon.

Cofactor

A coenzyme or metal ion that associates with an enzyme and is necessary for its function.

Hexokinase

An enzyme that catalyzes the first step in glucose metabolism, converting glucose to glucose-6-phosphate.

Phosphate Group

A chemical group consisting of a phosphorus atom bonded to four oxygen atoms, crucial for energy transfer in biological organisms.