Most Collective Agreements Provide That the Arbitrator's Fees for Rights

question 11

Multiple Choice

Most collective agreements provide that the arbitrator's fees for rights arbitration are paid by the:

• A) employer
• B) union
• C) party who loses the arbitration
• D) union and employer spitting the fees
• E) Ministry of Labour

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Definitions:

Agency Problem

A conflict of interest arising between parties with a principal-agent relationship, where the agent's actions may not align with the principal's best interests.

Stockbrokers

Professionals who buy and sell stocks and other securities for their clients, on a stock exchange or over the counter, in return for a fee or commission.

Accounting

The organized logging, presenting, and scrutinizing of a corporation's monetary transactions.

Pass-Through Taxation

A tax treatment applied to certain business entities where profits are taxed only once, directly through the owners’ personal income, avoiding corporate income tax.