Answer:
Arbitration
Explanation:
Arbitration is a type of dispute resolution method. In arbitration, two or more conflicting parties engage an independent third party who listens and considers the evidence presented by all parties before making a decision. The arbitration process is conducted by a single arbitrator or a tribunal of three arbitrators.
An arbitrator is required to be experienced in the arbitration process. His or her role is similar to that of a judge. An arbitrator may have legal experience or be knowledgeable in the matters causing the dispute. The decisions of an arbitrator are enforceable in a court of law. The arbitration process is much faster and cheaper compared to the court process.
Answer:
price of goods is 0.9 times of the price of services
Explanation:
Data
Goods sell = 80%
Services sell = 72%
Equilibrium prices = ???
Solution
In order to find equilibrium prices we need to develop an equation for that
Let's denote
Goods = x
Services = y
Goods sold = 80% of x = 0.8x
Services sold = 72% o y = 0.72y
Equation: 0.8x = 0.72y
Let's solve the equation furthermore
x = 
y
x = 0.9y
Hence the price of goods is 0.9 times of the price of services
Answer: Vertical hierarchy shows who reports to whom and horizontal specialization shows the different jobs
