The employees of Claudio Inc. were on strike for 30 days and that led to huge losses for the business. Owing to loss of business and wages, both parties wanted to settle the dispute but were unable to negotiate successfully. Which method of alternative dispute resolution is best suited to them? Why?
What will be an ideal response?
The alternative dispute resolution method that is best suited to them is mediation. Mediation is the best suited method to resolve the dispute in the given case because a mediator often tries first to communicate the positions of the parties to each other. It allows the parties to settle the case by appointing a mediator who merely facilitates the negotiation by proposing a basis for settlement and does not give awards or opinions on the merits of the dispute. It is a suitable method when the two parties, here the employees of Claudio Inc. and the management, have a continuing relationship because it allows them to compromise and to reach a solution themselves.
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Indicate whether the statement is true or false
All other things being equal, an increase in sales price would increase
a. asset turnover. b. profit margin. c. residual income. d. all of the above.
A company is considering the purchase of a new machine for $48,000. Management predicts that the machine can produce sales of $16,000 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $12,000 per year including depreciation of $3,000 per year. Income tax expense is $1,600 per year based on a tax rate of 40%. What is the payback period for the new machine?
A. 8.9 years. B. 7.5 years. C. 20.0 years. D. 6.0 years. E. 12.0 years.
The FOIA does not require an agency to protect an individual's privacy
a. True b. False