An Advantage of Using Item-By-Item Final Offer Selection Is That

question 2

Multiple Choice

An advantage of using item-by-item final offer selection is that:

• A) The arbitrator can incorporate items from both parties' proposals
• B) The arbitrator gets to dictate his/her own terms of the collective agreement
• C) Both parties will always be happy with the outcome
• D) Both parties will be equally unhappy with the outcome

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Definitions:

Quota

Limit set on the amounts of particular products that can be imported.

Dumping

Selling products abroad at prices below production costs or below typical prices in the home market to capture market share from domestic competitors.

Cost of Production

The total expenses incurred in the production of goods or services, including raw materials, labor, and overheads.

Protective Tariffs

are taxes imposed on imported goods to protect domestic industries from foreign competition by making imported goods more expensive.