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3 years ago

Mr. Box and Carl have a dispute concerning a contract in which they have entered. The parties meet

Business

1 answer:

Ivanshal [37]3 years ago

6 0

Answer:

Arbitration

Explanation:

Arbitration is one of the mechanisms used in dispute resolution. It involves engaging an independent third party to make a binding decision on the disputed matter. The third part may be a single person known as the arbitrator or a tribunal made up of several arbitrators. The arbitration process is applicable only when the conflicting parties agree to it.

The arbitration process is similar to court proceedings. Each of the disputing parties is given a fair chance to argue their case and give evidence. The arbitrators are expected to be knowledgeable in the matters surrounding the dispute, or an expert on the law. The decision of an arbitrator is binding to all parties. Private entities and families prefer arbitration because it is faster , cheaper, and the conflicting issues are kept away from the public.

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"Only one firm produces and sells soccer balls in the country of Wiknam, and as the story begins, international trade in soccer

sweet-ann [11.9K]

Answer:

Explanation:

a) since MR=MC, then 15-2Q=3+Q. So, the monopolist produce Q=4

price P=15-Q=10-4=6

profit=6*3-TC=18-(3+4+0.5*4^2)=3

b)since the P=6=6, domestic production will stay the same. The domestic consumption will stay the same. For Wilknam, it will import soccer balls.

c)yes, it holds that Wiknam will be an importer. Because the price for domestic production is 6 which is same as the world price 6.

d)Since the price within country is the same with price out of country, and also, MC=3+Q=7>6, Wiknam will import soccer balls. The monopolist market will become a competitive market.Even though the price won't change,the product will be of high quality and so on. The market will become more equilibrium.

7 0

3 years ago

A responsibility chart is used in operations consulting in planning the task responsibilities for a project. True False

KonstantinChe [14]

Answer:

True.

Explanation:

A responsability chart is useful for describing the participation of persons completing labors and deliverables for a project or a business process. Some of the information considered in this type of chart is:

Labor or procedure.
Responsible.
Supervisor.
delivery date.

7 0

3 years ago

If we assigned three people to work with you on a complex project containing 75 tasks that you were responsible for, how would y

Anni [7]

First of all, I will try to get to know people who were assigned to me. as I will have 75 tasks and equality is very important to me, I will give each person 25 task. if they will have some problems with given task I will try to help them or change their tasks so they can be more comfortable with their work. As a leader, i will do work as well, if my team will have some problems i will listen to them and solve those problems together.

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3 years ago

If you were to going to use a graphic that best showed the relative proportions of educational spending in the State of Californ

Svetradugi [14.3K]

Answer:

Explanation:

The circle graph or pie chart is commonly used when we want to give a visual demonstration of the proportional division of a data. Each item is expressed as a sector of the circle where the angle is relative to the value of the item.

6 0

3 years ago

Read 2 more answers

Branch Corporation issued $5 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance at

defon

Answer:

Journal Entry

March 1

Dr. Cash $4,550,000

Dr. Discount on Note Payable $450,000

Cr. Note payable $5,000,000

December 1

Dr. Interest Expense $450,000

Cr. Discount on Note Payable $450,000

Dr. Note payable $5,000,000

Cr. Cash $5,000,000

Explanation:

Note payable is document which is payable after a specific period of time.

Note Payable is recorded at the present value of the note face value. We need to discount the face value of the note first.

Interest on the bond = $5,000,000 x 12% x 9/12 = $450,000

On December 31 Interest expense will be recorded and Payment of Note is made.

8 0

3 years ago