Describe the arbitration process and how a contract dispute can go to arbitration.
What will be an ideal response?
Arbitration is a nonjudicial, private resolution of a contract dispute. An arbitrator, not a judge or jury, renders a decision in the case. Most arbitration agreements stipulate to binding arbitration, that is, the arbitrator's decision cannot be appealed to the courts. Arbitration occurs if the parties have entered into an arbitration agreement, either as part of their contract or as a separate agreement. Many consumer and business contracts contain arbitration clauses.
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Under new methods of management, attempts to continuously improve the work environment come from
A) top management. B) each department manager. C) the board of directors D) everyone in the company.
What is the trend component of Holt's model for period 0?
A) -2.5 B) 10.3 C) 2.5 D) 6.4
(I) An increase in default risk on corporate bonds shifts the demand curve for corporate bonds to the left. (II) An increase in default risk on corporate bonds shifts the demand curve for Treasury bonds to the right
A) (I) is true, (II) false. B) (I) is false, (II) true. C) Both are true. D) Both are false.
The following information has been gathered for the Brake Division: Sales$420,000 Operating income$75,000 Average current assets$260,000 Cost of capital 12% Return on investment 15% What is the Brake Division's residual income?
A. $15,000. B. $18,750. C. $48,000. D. $22,500.