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seraphim [82]
3 years ago
5

Roy agrees to work as a financial advisor on a commission basis for Secure Investments, Inc., and signs an employment contract t

hat includes an arbitration clause. A dispute arises over the amount of Roy's commission. Roy files a suit against Secure Investments, seeking $25,000 in unpaid commissions and $50,000 in other damages. Secure Investments insists that the parties submit the dispute to arbitration. On what Roy believes is insufficient evidence, the arbitrator awards Roy only $500 and issues a written opinion that includes an erroneous finding of fact and a mistaken conclusion of law. Can Roy successfully challenge this award in court
Business
1 answer:
Ber [7]3 years ago
3 0

Answer:

Yes.  Roy can successfully challenge this arbitration award in court.

Explanation:

According to the law, an arbitration clause is a part of the contract between Roy and Secure Investments, Inc. that deals with these parties' rights and options in the event of a legal dispute over their contract.  Like in most arbitration clauses, Roy and Secure Investments, Inc. must have agreed not to sue each other but instead, to resolve their disputes through the arbitration process.  But the res judicata effect produced through an arbitration can either be challenged and appealed against or enforced.  Roy, depending on the merits of his case, can make a successful appeal against the arbitration award and not against the arbitration itself.

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The right answer is B
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Suppose Americans suddenly develop a strong taste for Canadian whiskey. What happens to the demand for Canadian dollars in the f
weeeeeb [17]

Answer:

A) If there is a sudden spike in the demand for Canadian Whiskey, the demand for Canadian Dollars will shoot upwards in the FX market.

B) When the demand for Canadian dollars does up in the FX market, the forces of demand and supply will force its price to increase in relation to the dollar.

C) If America is not exporting any commodity, or the number of Canadian goods imported into America is less than what it shipped out to them, then there is a trade deficit. Trade deficits if sustained can lead to a weaker currency.

D) Because the export demand for Canadian Whiskey has taken an upward spiral, the number of net exports in Canada will increase. When this happens, the currency is strengthened and so is the Canadian dollar. When the strength of a currency increases, it automatically gives more purchasing power to those holding that currency.

When compared to the U.S. with a consistently lowered net export, the dollar is likely to depreciate in value, thus eroding the spending or purchasing power of the U.S. dollar.

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5 0
4 years ago
After working for 15 years as an emergency room technician, ralph is physically, mentally, and emotionally exhausted. ralph prob
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The answer is burnout. The emotional and physical exhaustion consequential from an arrangement of coverage to environmental and internal stressors and insufficient managing and adaptive skills. In addition to signs of fatigue, the person with exhaustion displays an progressively negative attitude in the direction of his or her job, low self-esteem and personal deflation.
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A consultant hired by your organization has advised your manager to increase his team's cohesiveness. he asks you, "what benefit
Natalija [7]

Answer:

  • <u>Members of teams with high cohesiveness feel higher loyalty to the team and have better job satisfaction.</u>
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Explanation:

Remember, cohesiveness looks at the degree to which team members <em>stick</em> together in times of difficulties.

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7 0
4 years ago
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Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $2
AlladinOne [14]

Answer:

$37,000 and $13,000

Explanation:

The computation of the accounting profit and the economic profit is shown below:

Accounting profit = Total revenue - explicit cost

where,

Explicit cost = cost of helper + annual rent + material cost

                    = $12,000 + $5,000 + $20,000

                    = $37,000

So, the accounting profit is

= $72,000 - $37,000

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And, the economic profit is

= Revenue - explicit cost - implicit cost

where,

Implicit cost = renting equipment + working for competitor + worth of entrepreneurial talents

= $4,000 + $15,000 + $3,000

= $22,000

So, the economic profit is

= $35,000 - $22,000

= $13,000

4 0
4 years ago
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