An Arbitrator Performs Which of the Following Functions

question 52

Multiple Choice

An arbitrator performs which of the following functions?

• A) He/she can make a nonbinding decision on management.
• B) He/she makes a decision called an award.
• C) He/she can make a nonbinding decision on the union.
• D) He/she presents suggestion to persuade union and management to settle.

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Definitions:

Straight Line Depreciation

A method of allocating the cost of an asset evenly across its useful life, resulting in a fixed amount of depreciation expense each period.

Depreciated Value

The decline in value of an asset over time because of deterioration or becoming outdated.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities.

Vertical Line

A straight line that goes from up to down (or down to up) and does not slant; in Cartesian coordinates, it is described by an equation of the form \(x = a\).