Explain the objection of lack of standing used for cases in international tribunals
What will be an ideal response?
A common objection states raise to being sued in international tribunals is lack of standing. If a plaintiff is not qualified to appear before the particular court, the case must be dismissed. In most international tribunals, such as the International Court of Justice, only a state can file a complaint. If a private person or company were to appear as a plaintiff, the case would be dismissed for want of standing. In these tribunals, the only way for the matter to be heard is for a state to sponsor the suit of its national.
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The slope of a mixed cost line is equal to the fixed element of the cost
Indicate whether the statement is true or false
Which of the following statements regarding "Six Sigma" is TRUE?
A) The term has two distinct meanings–one is statistical; the other is a comprehensive quality system. B) Six Sigma means that about 94 percent of a firm's output is free of defects. C) The Six Sigma program was developed by Toyota in the 1970s. D) The Six Sigma program is for manufacturing firms and is not applicable to services. E) Six Sigma certification is granted by the International Standards Organization (ISO).
An annuity in which payments are made at the beginning of each period is a(n):
A) Ordinary annuity B) Annuity due C) Annuity in arrears D) Perpetuity
Which of the following statements is true of exporting by small American firms?
A. Export start-up costs are high. B. Overseas markets represent unlimited sales opportunities. C. Small firms cannot export successfully. D. Payment for goods sold to foreign buyers is uncertain.