Contracts Requiring Arbitration Are Becoming More Common

question 50

True/False

Contracts requiring arbitration are becoming more common.

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Definitions:

Rationalization

The process of making activities or tasks more efficient and systematic, often through the implementation of rules, regulations, and procedures.

McDonaldization

A term used to describe the process by which the principles of the fast-food industry, such as efficiency and uniformity, are coming to dominate other sectors of society.

Work Clock

A device or system used to track and record the hours worked by an employee.

Consumerism

The cultural orientation that encourages the acquisition of goods and services in ever-increasing amounts.