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Ghella [55]
3 years ago
8

A buyer and a seller are disputing a contract for sale and purchase. They agree to submit the matter to a third party who will m

ake a binding determination regarding the matter. This type of settlement is called___________.
Business
1 answer:
leonid [27]3 years ago
3 0

Answer:

Arbitration

Explanation:

Based on the information provided within the question it can be said that this type of settlement is called Arbitration. This term refers to a form of resolving disputes outside of the court system by bringing in a third party who will render an "arbitration award" that will make a binding determination on the dispute. Which is completely enforceable in the courts.

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In a local survey, 100 citizens indicated their opinions on a revision to a local land-use plan. Of the 62 persons giving favora
Thepotemich [5.8K]

Answer: The probability that a randomly selected citizen has a favorable or unfavorable opinion is 1 or 100%.

In this question, we have only two answers favorable or unfavorable.

A person can't have both opinions at the same time.

So these events - favorable and unfavorable are mutually exclusive events i.e one event cannot occur when the other occurs.

Let P(F) be the probability of a person who has a favorable opinion

P(UF) be the probability of a person who has an unfavorable opinion

\boldsymbol{\mathbf{P(F) = \frac{Total people with favorable responses}{Total people in the survey}}}

\boldsymbol{\mathbf{P(F) = \frac{62}{100}}}

\boldsymbol{\mathbf{P(UF) = \frac{No. of people with unfavorable opinion}{Total number of people in the survey}}}

\boldsymbol{\mathbf{P(UF) = \frac{38}{100}}}

Now, the probability of either one of two mutually exclusive events occurring is:

\boldsymbol{\mathbf{P(F or UF) = P(F) + P(UF)}}

\boldsymbol{\mathbf{P(F or UF) = \frac{62}{100} + \frac{38}{100} = \frac{100}{100}=1}}


7 0
3 years ago
MC Qu. 116 CWN Company uses a job order costing... CWN Company uses a job order costing system and last period incurred $90,000
ANTONII [103]

Answer:

65%

Explanation:

Calculation to determine its predetermined overhead rate for the next period should be:

Using this formula

OH rate = Estimated overhead next period/direct labor

Let plug in the formula

OH rate = $65,000/$100,000

OH rate = 65%

Therefore If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: 65%

4 0
2 years ago
Regarding the overall effect of negative interest rates on the economy, economists
vova2212 [387]

Answer:

The effect of negative interest rates on the economy is reflected in option D:  negative interest rates simply cannot happen in reality.  Answer D is the correct response.

Explanation:

Answer C is partially correct.  In reality, experiments are running on economies as today:  Greece economy.  After a huge recession in previous years, the Government has released bonuses that, at the end of their effective period, will be charging people for actually buy them, and not paying them back.  This leads us to answer D: negative interest rates can actually happen, but they cannot exist as an economic mechanism that develops the economy:  customers will go for profit, not cost.  

The effect of this model is negative on the economy since it will not provide enough resources for stimulation.  Also, it will not slow it down since it is not expected that an instrument with negative interest rates will be accepted, in the form of bonuses, by customers; or loans, provided by banks.

8 0
2 years ago
Reece is trying to increase the number of products he sells every week so he will get a promotion this year. What are accurate w
gizmo_the_mogwai [7]

Answer:

intermediate goal

career goal

Explanation:

A goal is a desired result am individual wants to achieve in the future. Goals are usually time bound, that is they are meant to be achieved in a given time frame.

In the given instance Reece is trying to increase the number of products he sells every week so he will get a promotion this year.

With regards to duration goals can be short term, intermediate, or long term.

His goal of increasing weekly sales is an intermediate one.

Career goals are those that are measured by level of achievement on one's job. Reece is looking at getting a promotion in this year.

5 0
2 years ago
Read 2 more answers
Sending your boss a christmas card after he had first sent you one would best be seen as an example of
Sidana [21]
Giving back.
Copying.
Returning a favor.
7 0
3 years ago
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