Which of the following is not a commonly used alternative dispute resolution approach as mentioned in the text?
A. peer review
B. ombudsman
C. counseling
D. conciliation
C. counseling
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Journal entries are typically posted only at the end of the year
Indicate whether the statement is true or false
Shannon Pharmaceuticals has the following information available for one of its divisions in the current year: Sales revenue $10,000,000 Operating expenses 4,500,000 Average operating assets 4,000,000 The company requires each of its divisions to generate a minimum return of 30%. What is this division's residual income?
A) $1,500,000 B) $4,300,000 C) $2,350,000 D) $8,800,000
A sporting apparel manufacturer that produces t-shirts to commemorate significant athletic achievements for proud students and alumni probably uses:
A) a fixed position layout. B) batch manufacturing. C) a continuous flow process. D) a production line.
Under the terms of a contract between a supplier and a retailer, disputes concerning coverage were to be submitted to a three-member board, which would render a decision. One member of the board was selected by the retailer, and one by the supplier. Those two members then selected the third. What type of ADR is this?
a. Negotiation b. Mediation c. Arbitration d. Litigation