Final answer:
The statement is true. Employers generally view discharge as a last resort after exhausting other corrective measures and determining that the employee is no longer useful to the firm.
Step-by-step explanation:
The statement 'Arbitrators regard discharge as a last resort to be used only when all other corrective attempts have failed and the employee totally lacks usefulness to the firm' is about the employment relationship between an employer and an employee.
This concept is related to business and specifically to employment law and employee management. Employers typically try various corrective actions, such as warnings or performance improvement plans, before resorting to discharge or termination of an employee. The discharge decision usually arises as a result of a pattern of repeated misconduct, serious performance issues, or when the employee is no longer beneficial to the organization.
In summary, the statement is true. Employers generally view discharge as a last resort after exhausting other corrective measures and determining that the employee is no longer useful to the firm.