_______________________________ final offer arbitration is when the arbitrator must select one or the other party's final offer on all the disputed contract terms, like wages, health insurance, holidays, etc.

Fill in the blank(s) with the appropriate word(s).


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Individual rewards for outstanding work would NOT include

A. Desirable job assignments. B. Public recognition. C. Judiciously making exceptions to the rules. D. Letters of commendation. E. All of these are examples of individual rewards for outstanding work.

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The main advantage of a distribution network with local storage is that it can lower the delivery cost and provide a faster response than other networks

Indicate whether the statement is true or false.

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The odds of survival for a new venture improve if

A. it grows to at least 10 or 20 people. B. there is novelty. C. there is an economic downturn. D. it has revenues of $1 million. E. it is small.

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Taylor Tobacco Company is concerned that the company may be held liable in a court of law and ordered to pay a large damage award to a smoker harmed by the company's cigarettes. The characteristics of the judicial system that increase the frequency and severity of loss are known as

A) moral hazard. B) particular risk. C) speculative risk. D) legal hazard.

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