Which of the Following Is True About Interest Arbitration

question 71

Multiple Choice

Which of the following is true about interest arbitration?

• A) In interest arbitration,the dispute relates to the meaning of a particular provision with reference to an omitted case.
• B) Interest arbitration contemplates the existence of a collective agreement already concluded.
• C) Interest arbitration relates to disputes over the formation of collective agreements or efforts to secure them.
• D) The requirement of a neutral third party is ruled out in interest arbitration.

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Definitions:

Retail Inventory Method

An accounting method used by retailers to estimate inventory cost by using a cost-to-retail price ratio.

Estimated Cost

An approximation of the cost for goods or services based on available information, used for budgeting and planning purposes.