Describe the processes of mediation and arbitration and the major difference between the two.
What will be an ideal response?
Mediation and arbitration both deal with inserting a third party as an intermediary into a dispute between two other individuals or groups. However, they differ in how much power the third party has in the process. Mediators enter into a conflict to assist the two conflicting parties in coming to a resolution and to act as a facilitator in their negotiations, but the mediator has no authority to force a solution on the opposing parties. In contrast, arbitrators also assist the two parties in attempting to work out a solution to their conflict, but arbitrators have the ability to enforce decisions they make on both of the conflicting parties. Such decisions are called binding decisions.
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________ are properties or things of value owned and controlled by a business
a. Assets b. Liabilities c. Capital d. None of the answers listed
When conducting selection interviews, Javier likes to ask questions like “Tell me what you know about the company” and “Tell me what you like most about your current job.” Javier is asking ______ questions.
A. hypothetical B. unstructured C. open-ended D. closed-ended
The effect of capital expenditures on the master budget is reflected through periodic depreciation charges in the cash outflow portion
Indicate whether the statement is true or false
According to Table 10-6, how is the constraint expressed that no more than 50 units can be produced?
A) X1 + X2 ? 50 B) X1 + X2 ? 50 C) X12 + X22 ? 50 D) X12 + X22 ? 50 E) X1 + X2 = 50