In the sports industry, the salary arbitration process specified in a sport's CBA provides that if a player and team cannot agree on a new salary for a future, ________.
a. the issue is submitted to a mediator who can suggest a decision
b. the salary of the player will be increased as per the average industry standard
c. the salary of the player will be determined by a committee consisting of NLRB members and members of the sport's union that represents the player
d. the issue is submitted to an arbitrator who will make a final and binding decision
Question 2
Which of the following statements is TRUE of back-loaded contracts?
a. A back-loaded contract provides wage increments according to the changes in the consumer price index (CPI).
b. A company enters into a back-loaded contract only when it is facing a financial crisis.
c. A back-loaded contract provides a lower wage adjustment in the first year with higher increases in later years of a multiyear contract.
d. A company provides a back-loaded contract only when it cannot provide cost of living adjustments every year.
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