Compare and contrast rights arbitration and interest arbitration
When arbitration is used to create a new agreement (or renew an existing one), it is known as interest arbitration; the parties seek to protect their economic interests through favorable contract terms. Interest arbitration replaces pressure tactics as a means to resolve the negotiating impasse in the public sector. Interest arbitration is common in the public sector and is less common in the private sector. If the dispute involves interpreting an existing agreement rather than creating a new one, the arbitration to resolve it is known as rights arbitration. Rights arbitration is the means to define the rights and obligations of each party under the agreement. It is very common in both the public and private sectors.
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A cash outflow will be generated by an increase in a liability
Indicate whether the statement is true or false
A(n) _____ retail strategy encompasses value chain elements not yet perfected by any competing firm in a retailer's industry category
a. potential b. expected c. augmented d. realized