Author Question: The major limitation of using the cost of living in determining wage rates is that a. past rates ... (Read 140 times)

FButt · **on:** Jul 7, 2018

The major limitation of using the cost of living in determining wage rates is that

a. past rates of profits do not predict future rates.
b. wages are negotiated for a future period and cost-of-living data are historical.
c. not all firms have an equal capacity to meet economic demands.
d. the wide range of fringe benefit plans throughout industry weakens the concept.

Question 2

In addition to evidence and contractual language, an arbitrator must be charitable and compromising in order to decide an issue fairly.

Indicate whether the statement is true or false