Grievance arbitration is a process whereby the parties involved in a grievance procedure voluntarily agree to settle a dispute through the use of an independent third party.

Answer the following statement true (T) or false (F)


True

Grievance arbitration is a process whereby the involved parties voluntarily agree to settle a dispute through the use of an independent third party. In the United States, arbitration evolves from the voluntary agreement by two parties to submit their unresolved disputes to a privately selected neutral third party (an arbitrator).

Business

You might also like to view...

Well-conceived, state-of-the-art information and operating systems

A. help managers run a tight ship and preserve strong, centralized control over internal activities. B. make it simple and easy to spot cost overruns and inefficiencies. C. are valuable tools for shortening a company's value chain, boosting workforce morale and productivity, and simplifying the task of adopting best practices. D. are essential because business process reengineering efforts, TQM, Six Sigma, and benchmarking programs can't be carried out effectively without them. E. not only enable better strategy execution but also strengthen organizational capabilities (perhaps enough to provide a competitive edge over rivals).

Business

Dynamo Engines Inc., has an ROA of 10%, a profit margin of 6%, an assets to equity ratio of 1.30 and a retention ratio of 0.70. What is the firm's sustainable growth rate?

What will be an ideal response?

Business

The Sherman Act is the only major antitrust act that includes criminal sanctions.

Answer the following statement true (T) or false (F)

Business

A stock had a total return of 9.62 percent last year. The dividend amount was $.70 a share which equated to a dividend yield of 2.39 percent. What is the dividend growth rate?

A) 7.06 percent B) 4.03 percent C) 7.23 percent D) 5.48 percent E) 2.48 percent

Business