Which of the Following Statements Is TRUE of an Arbitrator's

question 52

Multiple Choice

Which of the following statements is TRUE of an arbitrator's award?

• A) The arbitrator's award becomes binding on both the parties only after it is approved by the NLRB.
• B) The arbitrator's awards are usually presented in written format.
• C) A union has a right to reject the arbitrator's award if a majority of the employees consider it to be inappropriate.
• D) The arbitrator's award is a part of a written document known as the arbitrator's opinion.

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Definitions:

Account Surpluses

Situations where a country's exports exceed its imports over a given period, leading to a positive balance of trade.

International Gold Standard

A monetary system in which the standard economic unit of account is based on a fixed quantity of gold, facilitating international trade and investment.

Exports

Products or services traded or sold from one nation to another.

Imports

Purchased goods or services brought into one country from another.