What are criticisms of binding arbitration?

What will be an ideal response?


(a) settlements are imposed by outsiders, which runs counter to voluntary two-party contract bargaining
(b) arbitrators lack political accountability
(c) parties may drag their feet in negotiations or “first resort” stages of dispute resolution in hopes of succeeding with favorable arbitration results.

Business

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The journal entry a company uses to record the estimated product warranty liability expense is

a. debit Product Warranty Expense; credit Product Warranty Payable b. debit Product Warranty Payable; credit Cash c. debit Product Warranty Expense; credit Cash d. debit Product Warranty Payable; credit Product Warranty Expense

Business

A good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is received in exchange for money or something else of value is known as a(n)

A. marketing program. B. item. C. product. D. utility. E. service.

Business

One type of compensation provided by the time value of money is compensation for expected consumption

Indicate whether the statement is true or false

Business

Each entity in a supply chain should produce its own sales and operations plan independent of the other members in order to improve the overall cost performance in a supply chain

Indicate whether the statement is true or false.

Business