Answer the following statements true (T) or false (F)
1. When negotiators in the railway and airline industries reach an impasse in negotiations, they are required by law to try mediation.
2. When the National Mediation Board offers arbitration to negotiators covered by the Railway Labor Act, they are obligated to accept.
3. In conventional arbitration, the arbitrator can look at the final offers of each party to a dispute and create any settlement he or she deems appropriate.
4. Mediation is similar to arbitration in that both require the parties to reach a mutually satisfactory resolution to their dispute.
5. The tendency of labor and management to take extreme positions in their final offers in the hopes that an arbitrator will "split the difference" between offers is known as the chilling effect.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
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