Both Sides Try to Settle a Grievance Before Arbitration Because

question 12

True/False

Both sides try to settle a grievance before arbitration because they realize either side may totally lose if the case is taken to an arbitrator.

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Definitions:

Lump Sum

A single payment made at one time, as opposed to a series of payments made over time.

Educational Savings Plan

A savings account specifically designed for funding future education expenses, often offering tax advantages or other incentives.

Simple Interest

A method of calculating interest where the interest charge is based only on the principal amount, not on previously earned interest.