Which of the following best defines final-offer arbitration?
A)After a short strike, the union offers a final contract to the firm which the firm must accept.
B)An arbitrator produces a contract that the union and firm are both encouraged to accept.
C)Final-offer arbitration occurs when the firm threatens to shut-down unless the union accepts the firm's final offer.
D)An arbitrator chooses the firm's last offer or the union's last offer, and both sides must abide by whichever contract is chosen.
E)An arbitrator facilitates a discussion between the union and firm after the cool-down period has expired.

Question

Quizplus · Accepted Answer

Final-offer arbitration involves an arbitrator choosing either the last offer made by the union or the last offer made by the firm, and both sides must accept the chosen contract. This is different from traditional arbitration where the arbitrator creates a new contract that both sides must accept.

Which of the Following Best Defines Final-Offer Arbitration