Answer:
Litigation is the process of taking legal action.
Mediation is intervention in a dispute in order to resolve it.
Arbitration is the use of an arbitrator to settle a dispute.
Answer:
Commodity money has intrinsic value whereas the fiat money does not have intrinsic value
Explanation:
Commodity market is the market which have the virtual or physical market place for trading, buying and selling of primary or raw materials. Presently, about 50 major commodity markets worldwide. And this market has intrinsic value, which means that the commodity has value though not used as money.
Fiat money is the currency created as money, usually through government regulation, and has no intrinsic value.
Therefore, the primary value is that the commodity market has intrinsic values whereas the fiat currency does not have.
Answer:
A. Conventional.
Explanation:
Conventional arbitration is the methodology where both the parties (employers and unions) set forward their ideas before the arbitrator. The arbitrator dissects the offers and arrives at a resolution. Under conventional arbitration, it is required for the two parties to acknowledge the arrangement gave by the arbitrator.
The annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges is $9. Read below about the analysis of the annual opportunity cost of a checking
<h3>What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges?</h3>
The calculation goes thus;
Annual opportunity cost = Minimum balance × Interest rate
= $300 × 0.03
= $9
Therefore, the correct answer is as given above
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Net income. The total amount of pay received is the gross income, while the net income is the remaining amount after taxes and deductions are removed.
