Which of the following statements is true about negotiation and settlement?
A) It is a formal ADR method that delivers a verdict.
B) Most lawyers attempt negotiation before taking a case to trial.
C) It involves an independent or neutral third party.
D) It is mandatory for both the parties to be represented by a lawyer.
B
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Which type of retailer usually carries more specialty goods at high prices and is more likely to provide customers with assistance in every phase of the shopping process?
A) self-service retailer B) limited-service retailer C) full-service retailer D) independent retailer E) off-price retailer
In a multi-product environment:
A) cost-volume-profit analysis is not advisable to use. B) only the product with the highest contribution margin should be sold. C) the product with the highest sales prices per unit should account for the majority of the sales. D) a weighted-average contribution margin per unit should be computed for all products produced and sold.
Answer the following statements true (T) or false (F)
1. Med-arb is a third party dispute resolution system that allows the parties to choose between a mediation or arbitration to settle a dispute. 2. A mediator has a high level of control over the outcome of negotiations but not over the way negotiations are conducted. 3. Mediators are typically more concerned with getting the parties to reach an agreement than they are with helping the parties to improve their relationship so as to avoid future conflict. 4. The NLRA obligates private section parties to give prior notification to the Federal Mediation and Conciliation Service of pending contract negotiations. 5. When unions and management in the railway and airline industries are unable to reach an agreement, the employer is allowed to implement any terms it wants as long as the contract has expired.
Cully Furniture buys two products for resale: big shelves (B)and medium shelves (M). Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space
The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. Which of the following is not a feasible purchase combination? A) 100 big shelves and 82 medium shelves B) 150 big shelves and 0 medium shelves C) 100 big shelves and 100 medium shelves D) 100 big shelves and 0 medium shelves