Abinding decision may be sought from if a grievance procedure is not sufficient to solve a labor-management dispute.

arbitration

Explanation:

An arbitrator is an independent party called upon by two or more conflicting parties to resolve a dispute. The arbitrator is called to make a decision on some contentious issues.  Decisions made by arbitrators are legally binding. The process through which the decision is made is called arbitration.

Arbitration is similar to court cases, only that they occur outside the court buildings.  The process is formal and structured. Parties submit information and support their evidence in the hearing, just like in a court of law. The arbitrator makes a decision after reviewing all the information provided.

Arbitration applies in contract, labor, family, and insurance disputes where the parties want to keep matters private.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answerangel investor;