The Due Process of the Grievance and Arbitration Procedure Is

question 25

Multiple Choice

The due process of the grievance and arbitration procedure is important to the union because it balances management's "upper hand" in settling disputes. This balance is mostly achieved by the inclusion in the procedures of the:

• A) Shop steward.
• B) Department head.
• C) Union grievance committee.
• D) Independent arbitrator.

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Definitions:

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest payments on outstanding debt, calculated by dividing earnings before interest and taxes (EBIT) by the interest expense.

Debt-To-Equity Ratio

A gauge for understanding the proportionate use of debt and equity by shareholders in the funding mechanisms for a company's assets.

Equity Multiplier

A metric indicating the proportion of a firm's assets funded by owner's equity.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations with its operating income.