The company negotiators and the union representatives cannot reach an agreement. They bring in a third party to facilitate the negotiation. Which of the following occurs when the third party makes the decision?

a. impasse
b. conciliation
c. mediation
d. arbitration


Ans: d. arbitration

Business

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Our county legislator asked how could the proposed budget be cut by 10 percent

What will be an ideal response?

Business

ABC Corporation would like to evaluate three production processes (A, B, and C) to accommodate the changes in demand for its products. The fixed and variable costs per unit are tabled here. Determine the production volume at which costs of Processes B and C are equal.


A. 2,000
B. 3,000
C. 4,000
D. 1,000

Business

How soon should OSHA be notified if a fatality occurs?

A. Within one hour B. Within eight hours C. Within one day D. Within 48 hours E. Within one week

Business

What is included in the prefatory material of formal proposals?

Business