The tendency for management and labor to rely on an arbitrator to make decisions for them, rather than come to an agreement themselves, is known as:
A. The chilling effect.
B. The narcotic effect.
C. The dependency effect.
D. The arbitrator authority effect.
B. The narcotic effect.
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If not enough partnership cash or other assets are available to pay the withdrawing partner, a liability may be created for the amount owed the withdrawing partner
Indicate whether the statement is true or false
Interest on a $100,000 note at 4% for 45 days is $493. (Use a 360 day year. Round your answer to the nearest dollar.)
Indicate whether the statement is true or false
Ronda's debt to Skye is past due. Skye brings a legal action against Ronda to collect the debt. To ensure that a judgment in Skye's favor will be collectible, Skye asks the court to order the seizure of Ronda's property. Exempt from such an order in most states would be
A. all of Ronda's real property. B. as much of Ronda's real property as Ronda opts to exempt. C. none of Ronda's real property. D. Ronda's family home in its entirety or up to a specified amount.
For a taxpayer in the 25% marginal tax bracket, a long-term capital gain realized in 2015 will be taxed at
A) 5%. B) 10%. C) 15%. D) 25%.