Explain why there are concerns regarding the neutrality of dispute resolution firms
What will be an ideal response?
Some legal scholars are concerned about whether a dispute resolution firm can be truly unbiased when one of the parties to the dispute is a major client of the dispute resolution provider. For example, if an insurance company includes a binding arbitration clause in all its contracts and specifies that a particular dispute resolution firm will provide the arbitrator, it may be tempting for that firm to favor the insurance company to try to ensure that it will continue to benefit from the insurance company's business in the future. The more intense the competition among ADR providers, the more tempted the providers may be to favor large firms.
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As Ben manages communications for his company's watch brand, which has reached the decline stage in the product life cycle, which of the following marketing communications mix tools is he most likely to continue?
A) interactive marketing B) advertising C) personal selling D) direct marketing E) sales promotion
Regarding debt securities, which of the following statements is incorrect?
A) Debt securities include Treasury bills. B) Debt securities represent a credit relationship with another company or governmental entity. C) Debt securities typically pay interest for a fixed period. D) Debt securities include common and preferred stock.
Looking at Lewin’s basic change model, ______ requires explaining the rationale for change, breaking down the status quo, challenging existing beliefs, and understanding how starting on a new path is essential for the company’s survival.
A. transforming B. refreezing C. reconstructing D. unfreezing
Boersma Sales, Inc., a merchandising company, reported sales of 7,100 units in September at a selling price of $682 per unit. Cost of goods sold, which is a variable cost, was $317 per unit. Variable selling expenses were $44 per unit and variable administrative expenses were $22 per unit. The total fixed selling expenses were $157,200 and the total administrative expenses were $338,000.The gross margin for September was:
A. $4,347,000 B. $1,627,700 C. $2,591,500 D. $2,122,900