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Morgarella [4.7K]
3 years ago
8

The key difference between mediation and arbitration is: (A) A mediator is constrained to work with the final offers given by th

e parties while an arbitrator can create an agreement that lies somewhere in between final offers(B) An arbitrator has more ability to come up with an agreement that both parties will be happy with(C) An arbitrator is focused on improving the relationship between the parties while a mediator just wants to get a settlement(D) A mediator has no authority to make a final and binding decision
Business
1 answer:
kifflom [539]3 years ago
3 0

Answer:

The correct answer is letter "D": A mediator has no authority to make a final and binding decision.

Explanation:

Arbitration is an outcome that has been imposed by a neutral party. An <em>arbitrator </em>is meant to rule the parties involved in the dispute. While mediation is the process in which the parties involved in a dispute try to come up with a solution in their own terms. The <em>mediator </em>has the power of giving advice only to the parties but cannot determine the final resolution.

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1. Bob bought a $135,000 term life insurance policy. He is 35 years old and does not smoke. Find
Sergio039 [100]

Based on then information given his annual premium is $175,50.

<h3>Annual premium</h3>

Since he bought a life insurance policy of the amount of $135,000 his annual premium can be calculated as:

Annual premium per $1000 of coverage for a 35-year old = 1.30

Annual premium=Life insurance policy/1,000 ×1.30

Where:

Life insurance policy=$135,000

Let plug in the formula

Annual premium=$135,000/1,000×1.30

Annual premium= $175.50

Inconclusion his annual premium is $175,50.

Learn more about annual premium here:brainly.com/question/25280754

7 0
3 years ago
Which phrase best completes the diagram? Macroeconomic Goals for a Society ? Stable prices Economic growth
weeeeeb [17]

Answer:

C. Full employment

6 0
2 years ago
The cost to manufacture shoes decreases. Which statement describes the expected outcome?
Irina-Kira [14]

The statement that describes the expected outcome is: c. Supply of the shoes will increase, and market price will decrease.

<h3>What is supply?</h3>

Supply can be defined as the amount of goods or product produce that is available for buyers  to buy or purchase.

If the cost of production is lower ,this will lead to  increase in production as companies will be able to buy more materials and the outcome of this is that the market price of goods or product will reduce because the cost to manufactures has reduced.

Learn more about supply here:brainly.com/question/1222851

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4 0
2 years ago
In a small​ economy, consumption spending is​ $6,000, government purchases are​ $1,200, gross investment is​ $1,500, exports are
Karo-lina-s [1.5K]

Answer:

$9700

Explanation:

Given that

C = 6000

G = 1200

I = 1500

X= 2000

M = 1000

Recall that,

GDP = C + I + G + ( X - M)

therefore

GDP = 6000 +1500 + 1200 + (2000 - 1000)

= 8700 + 1000

= 9700

Therefore, GDP = $9,700

5 0
4 years ago
Read 2 more answers
A monopolistically competitive firm chooses
makvit [3.9K]

Answer:

D. both the quantity of output to produce and the price at which it will sell its output.

Explanation:

A monpolistically competitive firm chooses the price and the quantity to produce. This decision is guided by market conditions and the goal to maximise profit.

A monopolistic competitive firm has a downward sloping demand curve just like a monopoly, so the monpolistically competitive firm chooses the quantity that maximises its profit and then chooses price.

A downward sloping demand curve indicates that quantity demanded is sensitive to price. The higher the price, the lower the quantity demanded.

A monpolistically competitive firm is a firm that has features of both a monopoly and a competitive firm.

The ability of a monpolistically competitive firm to set prices makes it a price maker.

Just like a monopoly, a monopolistically competitive firm has the following features:

1. It faces of downward sloping demand curve.

2. It sets the price for its products.

Just like a perfect competition, a monopolistically competitive firm has the following features:

1. No barriers to entry or exit.

2. There are many buyers and sellers

Other features of a monpolistically competitive firm are:

1. Firms sell differentiated products

2. Firms engage in non price competition.

6 0
4 years ago
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