What method is generally preferred to resolve contract disputes because it saves time, money, and preserves relationships between the parties

Answers

Answer 1

Answer:

Alternative dispute resolution

Explanation:

Alternative dispute resolution is that way that a better alternative is chosen in resolving legal issues in civil and and commercial disputes without going to court.

This is less cumbersome, expensive, and time consuming.

There are 4 types of alternative dispute resolution: mediation, settlement, arbitration, and neutral evaluation.

Usually a third party is involved and acts as an umpire to ensure all parties are satisfied


Related Questions

Monetarists argue that the Federal Reserve System should
A. institute a prescribed rate of growth in the money supply.
B. self-correction is less effective than activist monetary policy.
C. policymakers should use monetary policy rather than fiscal policy to stabilize the economy.
D. since velocity is unstable, a fixed annual increase in the money supply will exacerbate inflation in the long run.

Answers

Answer:

C. policymakers should use monetary policy rather than fiscal policy to stabilize the economy.

Explanation:

Monetarists argue that the Federal Reserve System should "use monetary policy rather than fiscal policy to stabilize the economy."

According to monetarists, a monetary policy is a policy that involves the regulation or control of money supply, including the rate of interest such that it regulates the microeconomic of a nation. Hence, Monetarists argue that the Federal Reserve System should "use monetary policy rather than fiscal policy to stabilize the economy, " because it helps in the control of inflation, consumption, development, and cash flow.

As Jake and Rolando explore the possibility of starting an endurance training facility for youth athletes, they collect demographic and lifestyle information about the families who would potentially buy their service. This exercise will help to better identify their Multiple Choice buying group. target market. competition. marketing concept.

Answers

Answer:

Target market

Explanation:

Target market is defined as a group of people or businesses who are receive the marketing efforts of a company.

They satisfy the criteria that is set for a.product that is being promoted.

In the given scenario the ideal target market are youth athletes.

Collection of demographic data will help them select clients based on their age.

So they can get across to youths in the families.

Stan wants to invest in real property. Rather than be a sole owner, Stan would prefer to pool his resources with other people to own and develop a small office building. He would prefer not to take part in the day-to-day responsibilities of the organization. What type of business venture would best fit his goals?

Answers

Answer:

limited partnership real estate investment syndicate

Explanation:

Since in the given situation it is mentioned that stan wants to invest in the real property instead be a sole owner. So he pool his resources in order to create the office building with the other people also at the same time he is not interested to take part in day to day responsibilities

So here it is a limited partnership business venture as he is engaging with other people not alone to create the office buidling

A Virginia county is considering whether to pay $50,000 per year to lease a prisoner transfer facility in a prime location near Washington, D.C. They estimate it will cost $50 per prisoner to process the paperwork at this new location. The county is paid a $75 commission for each new prisoner they process. If the holding area at this new location has design and effective capacities of 10,000 and 7,500 prisoners processed annually, respectively, and 5,000 prisoners will be processed per year, what will be the utilization of the holding area

Answers

Answer:C. $50,000

Total revenue would be $300,000. Total cost would be $250,000 (fixed = $50,000; variable = $200,000).

Explanation:

1. Compare and contrast brokers and agents with merchant wholesalers. 2. Discuss the major public relations tools and the roles played by the internet and social media. 3. Find three examples of advertisements that incorporate socially responsible marketing in their messages. Some companies are criticized for exploring social issues or organizations by promoting them for their own gain. Do the examples you found do that

Answers

Answer:

One is owner and the other provides services.

Explanation:

The main difference between brokers and merchant wholesalers is that Merchant wholesalers buy products from manufacturers and sell to other shopkeepers while on the other hand, Agents and brokers are the people who provide buying and selling services. between sellers and buyers as they receive commissions according to their sales and don't buy products directly from manufacturer. Interaction between people, communication and education are the major roles played by the internet and social media.

What is the appropriate leadership style for an employee that is low in skills but is anxious to learn

Answers

Answer:

Selling

Explanation:

Some consumer electronic products such as plasma TVs, DVD players and digital cameras, are introduced at very high prices but over time, their prices start falling (beyond what could be attributed to falling costs as companies take advantage of economies of scale and cheaper technologies). Which of the following is the best explanation for this observation?
A. More firms are likely to enter the consumer electronic market over time, forcing market prices down.
B. Early adopters of these new products typically have a higher demand and higher income compared to those who are willing to wait.
C. Early adopters are more quality conscious and are willing to pay higher prices for the initial production of these goods.
D. After satisfying the demand for early adopters, firms lower price to attract the more price sensitive consumers.

Answers

Answer: D. After satisfying the demand for early adopters, firms lower price to attract the more price sensitive consumers.

Explanation:

Based on the scenario given in the question, the reason for the fall in price over time is that after satisfying the demand for early adopters, firms lower price to attract the more price sensitive consumers.

The early adopters are the individuals who use the product before other people starts using it. In this case, once the early adopters have been satisfied, other people will want to buy the product and the price has to be lowered so that such people can afford it.

"Cory is a salesperson at Bayray Technologies, a company that manufactures laptops and cameras. During a sales presentation for the company's new camera, he states, "Cameras produced by us have the same resolution as the cameras produced by ClarityO, the world's number one camera manufacturer, but at a cheaper price." In this scenario, Cory is using a(n) _____ to describe the product."

Answers

Answer:

comparison

Explanation:

Since cory is a sales person at bayray technologies and at the time of sales presentation he stated that the camera resolution of our company should be similar with the Clarity O company but the price are cheaper so here cory is doing the comparison of cameras between his company and with the other company to capture the market share by telling the advantages of his company product

Good, a C corporation, sells an automobile to its sole shareholder for $4,500. Good's adjusted basis in the automobile is $12,000, and the fair market value is $5,000. What is the amount of loss that is recognized by Good

Answers

Answer:

$0

Explanation:

The computation of the amount of loss is shown below:

Generally taxpayers does not subtracted the losses on sales of property that can be with the related parties

And, in the case when a corporation and the shareholder who owns more than 50% of that one corporation so it to be considered as the relevant parties

Therefore the amount is zero

It is important to shop around for credit because banks and financial institutions have varying credit histories. charge different fees. follow different laws. have varying discriminatory policies.

Answers

Answer:

follow different laws

Explanation:

In simple words, Shopping around is really a good idea, whether you're obtaining your first credit account or you've already established credit and want more of it. Searching widely is often the only way to locate a lenders that will cooperate with you. It's also the greatest method to obtain a decent bargain in some instances.

Different creditors have different laws, which affect their terms and conditions regarding interest rate, tenure etc.

Answer: The answer would be:

B: charge different fees.

Explanation:

Edge 2023

Hope this helps! (^_^)

Offering direct online sales to consumers while also promoting wholesale and retail sales can result in Multiple select question. cannibalization of retailers' sales. a net loss of sales due to disgruntled dealers. a signal of the company's strong commitment to retailers. channel conflict.

Answers

Answer:

cannibalization of retailers' sales.

Explanation:

Salespeople can be defined as a group of individuals or employees who are saddled with the responsibility of taking orders from customers, as well as sales of finished goods and services to consumers or end users.

Offering direct online sales of goods and services to consumers while also promoting wholesale and retail sales can result in cannibalization of retailers' sales because the retailer wouldn't be able to make sales.

A claim that is sent for reimbursement that contains all the required data elements to process the claim is referred to as a:

Answers

Answer:

Clean claim

Explanation:

A clean claim is defined as one that has complete documentation, no defect, special circumstance, or impropriety.

They meet all the requirements for easy processing.

Claims are made on Medicare services for reimbursement by insurance companies.

The other type of claim is the other-than-clean claims that requires further investigation before reimbursement is made.

The supply chain area that is responsible for determining what to buy, how much to buy, and how to manage the suppliers is known as _____.

Answers

Answer:

Procurement

Explanation:

The supply chain area that is primarily concerned with what to buy, how much to buy, and how to manage suppliers for optimum service delivery is known as procurement.

The supply chain generally refers to the processes and resources involved in the supply of products or services to the final consumers.  It includes procurement, planning, and logistics.

The procurement has to the with the purchase of materials. It includes the quantity of materials to buy and at what price as well as how to manage relationships with suppliers for the benefit of the firm.  Planning has to do with synchronizing the supply of material with production in relation to the demand for the final product while logistic has to do with optimizing the delivery process to minimize cost and time.

Third-Party Woes. Trudy owed Sam $40 for a book she purchased from him. Trudy mowed Betty's yard for $40 and agreed with Betty that Betty would pay Sam for the book. Sam is not initially aware of the agreement. Betty pays no one. Trudy also mowed Bob's yard for $40 in return for Bob's agreement to give the payment to Sally representing Trudy's birthday present to Sally. Bob later refuses to do so saying that promises to give gifts are not enforceable. He then moves out of town. Trudy tells both Sam and Sally that she is broke, that Sam needs to get his $40 for the book from Betty, and that Sally is owed $40 from Bob for her birthday present. Which of the following is the likely result if Sam sues Betty for the $40 that Trudy owes him for the book?
A. Sam will win.
B. Sam will lose because his only right of action is against Trudy.
C. Sam will lose because he was not aware of the assignment before the duties were completed.
D. Sam will win, but only if he can prove that Trudy has insufficient funds with which to pay him.
E. Sam will lose because the attempted delegation was against public policy.

Answers

Answer: B. Sam will lose because his only right of action is against Trudy.

Explanation:

Sam had no agreement with Betty to pay him for the book. His only agreement was with Trudy and so he has no right of action against Betty. Had Trudy made him a party to the transaction with Betty, then he would have had a right of action against Betty.

His only option is to go after Trudy as she will not be able to avoid paying him because she delegated the debt, especially as she didn't tell Sam about it.

Question Mode Fill in the Blank Question Fill in the blank question. The ABC Company had its highest level of production in May when they produced 4,000 units at a total cost of $110,000 and its lowest level of production in November when they produced 2,500 units at a total cost of $87,500. Using the high-low method, the estimated fixed costs are $ .

Answers

Answer:

Results are below.

Explanation:

To calculate the fixed cost under the high-low method, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (110,000 - 87,500) / (4,000 - 2,500)

Variable cost per unit= $15

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 110,000 - (15*4,000)

Fixed costs= $50,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 87,500 - (2,500*15)

Fixed costs= $50,000

Solve the exponential equation by taking the logarithm on both sides. 5^(x+8)=7

Answers

Answer:

x = (log₅7) - 8

Explanation:

Given;

[tex]5^{x+8}[/tex] = 7

Take log of both sides;

log₁₀([tex]5^{x+8}[/tex]) = log₁₀7               -------------(ii)

From the laws of logarithm remember that;

logₐ xⁿ = n logₐ x

Equation (ii) can then be written as;

(x + 8)log₁₀5 = log₁₀7

Divide both sides by log₁₀5

(x + 8) = [tex]\frac{log_{10}7}{log_{10}5}[/tex]                -----------(iii)

From the laws of logarithm, remember that;

[tex]\frac{log_{a}x}{log_{a}y} = log_yx[/tex]

Equation (iii) can thus be written as;

(x + 8) = log₅7

x + 8 = log₅7

Make x subject of the formula;

x = (log₅7) - 8

Kendra needs to rate five of her subordinates. She make a chart of all possible pairs of employees for each trait being evaluated. Then, she indicates the better employee of each pair with a positive symbol on the chart. Finally, she totals the number of positive symbols for each employee. Which method of performance appraisal has Kendra most likely used?

Answers

Answer:

Paired comparison

Explanation:

PAIRED COMPARISON can be defined as the way or process in which employee are been COMPARED against others employees using a particular traits by making a chart or matrix of all feasible pairs of employees for each trait that was evaluated and by indicating the best employee of each of the pair with either a tick mark or a positive symbol on the chart or matrix in order to determine the best employee.

Therefore the method of PERFORMANCE APPRAISAL that is most likely used is PAIRED COMPARISON

What is offshoring and why is it a cause of structural unemployment in the United States?
A. It is when new resources replace old resources which leads to shutting down mines and plants.
O
B. It is when consumers stop buying one product in favor of another which means eliminating factories.
о
C. It is when new inventions and ideas push out older ways of doing things which means closing markets.
O
D. It is when companies relocate facilities to countries where costs are lower which means relocating jobs.

Answers

Answer:

O D. It is when companies relocate facilities to countries where costs are lower which means relocating jobs.

Explanation:

Offshoring is when companies make foreign countries their company's base. In other words, we can say offshoring is the practice of placing one's company based in other countries. Like, when US-based companies are based in India, that means offshoring.

This professional practice is an example of structural unemployment in the US because it means relocation of the jobs, thereby resulting in employees moving to the "offshore" base.

Thus, the correct answer is option D.

Long-term orientation encourages ______. a.neither thrift nor spending b.spending c.both thrift and spending d.thrift

Answers

Answer:

d

Explanation:

If a person has a Long-term orientation, they are more likely to save more than spend more. This is because they would be more concerned about meeting future expenses.

On the other hand, a short-term orientation encourages thrift

For example a person whose goal is to become a doctor is more likely to save than a person with a terminal illness with weeks to live

What is one benefit of a saving account?

Answers

one benefit is having some money for the future, if there is an emergency or if you made a goal to buy a car, you can go into the account
One benefit is deposited funds accrue interest over time.

Jen's Shampoo decides to decrease the sales price for a bottle of shampoo from $28 to $23. The variable costs decrease from $12 to $8 and the total fixed costs decrease from $30,000 to $18,000. The changes result in the number of units sold declining from 4,375 to 4,300 units. If net income was originally $40,000, how much will net income increase or decrease

Answers

Answer:

it increases by 6,500

Explanation:

HP has launched a new laptop computer with a bigger monitor and keyboard with larger letters. The company uses this model to target senior communities. The company targets 13 cities in the United States with high populations of seniors. This scenario exemplifies which type of market segmentation

Answers

Answer:

Geodemographic segmentation  

Explanation:

Dividing potential customers into groups based on their lifestyles

The definition of economics states that it is the study of how​ _________. A. businesses make decisions and how those decisions impact other​ firms, the​ government, and consumers. B. the government determines​ policies, businesses set​ prices, and consumers choose how much to buy. C. agents choose to allocate scarce resources and the impact of those choices on society. D. money influences the economy in the short run and the long run.

Answers

Answer:

C

Explanation:

Agents choose to allocate scarce resources and tge impact of those choices in society

Which savings account will earn you the most money?

1.One that earns simple interest monthly.
2.One that compounds interest daily.
3.One that earns simple interest daily.
4.One that compounds interest monthly.

Answers

Answer:

one that earns simple interest daily

The savings account that earn you the most money is: 3.One that earns simple interest daily.


What is savings account?

Savings account is an account that enables you to save while you earn interest on the amount saved reason being that saving account is an interest earning account.

A saving account that gives you simple interest daily is the best as it will enable to accumulate more interest.

Therefore the savings account that earn you the most money is: 3.One that earns simple interest daily.

Learn more about savings account here:https://brainly.com/question/25787382

A company is considering a capital investment of $45,000 in new equipment which will improve production and increase cash flows by $15,000 per year for 6 years. The payback period is years.

Answers

Answer:

3 years

Explanation:

Calculation to determine The payback period

Using this formula

Payback period=Capital investment/ Increase cash flows

Let plug in the formula

Payback period=$45,000/$15,000

Payback period=3 years

Therefore The payback period is 3 years

hat sets one organization apart from others and provides the firm with a distinctive edge for meeting marketplace needs is known as _____ a target market b decentralization c competitive distinction d competitive advantage e core competency

Answers

Answer:

d competitive advantage

Explanation:

The Target market refers to the customers that the company wants to sell its products or services. Therefore this option is incorrect.

Decentralisation is basically a transfer of authority to several branches of an organisation instead of only one. This option is also incorrect.

The competitive distinction is defined as the difference between what the organisation offers in comparison to its competitors. This option is also incorrect as it does not provide any distinctive edge in the marketplace for the organisation.

Competitive advantage defines the factors that help a company produce goods or services in a way that is cheaper and/or better than its competitors. This is the correct option as it is providing factors that would be helpful for firms to have a distinctive edge in the marketplace.

Core competency refers to the fact that the organisation must define its resources and capabilities in order to have a strategic advantage over its competitors. This option is mainly suggesting to define its advantages over the competitors. Hence, this option is also not correct.

During the past recession, Advanced Protection Systems created a __________ organization when it restructured and eliminated several middle management positions and broadened the span of control for the remaining managers. As it emerged from the recession, Advanced realized that technology permitted the remaining employees to be just as responsive to customer needs as the firm was prior to restructuring.

Answers

Answer:

Flat

Explanation:

Flat organizational structure

This structure of an organization is said to consist of may be just one top manager who is an owner or CEO of the company, managing a lot of other employees, all with equal levels of authority.Flat structures have fewer management levels, with each level controlling a broad area or group. It focus on empowering employees rather than adhering to the chain of command.

Advantages and Disadvantages of flat organizations

Advantage

There are fewer administrative costs because fewer management positions, easier for employees to project voice etc.

Disadvantages

It is said to be hard to develop vertically due to limited promotions, requires extensive trust etc.

The balance of payments _________. adds up the value of all assets and liabilities of a country on a specific date. records all international transactions for a country over a period of time. determines the eligibility of countries for IMF aid.

Answers

Answer:

records all international transactions for a country over a period of time.

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Basically, trade can be categorized into two (2) main groups and these are;

I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.

II. Export: it involves the sales of goods produced in a domestic country to a foreign country.

The balance of payments is a financial statement used for recording all the international transactions for a country over a specific period of time. Thus, it gives the difference in total value between the payments for goods or services into and out of a country over a specific period of time.

Pam is a partner in CRL Brokerage. Her liability is limited to the amount of money she has invested. What type of partner is Pam

Answers

Answer: Associate broker or

Explanation:

__________ is a cornerstone in the protection of information assets and in the prevention of financial loss.

Answers

Answer:

Separation of duties.

Explanation:

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.

One of the essential characteristics of internal control is the principle of establishing responsibility such as assigning responsibility to specific individuals. An internal control is considered to be most effective when an individual is solely responsible for a specific accounting task.

Hence, the principle of establishing responsibility include the following;

I. Only one person or an individual is being responsible for a task.

II. An individual is solely responsible for the authorization of transactions.

III. An individual is solely responsible for the approval of transactions.

Separation of duties is a cornerstone used as an internal control measure for the protection of information assets and in the prevention of financial loss.

According to the separation of duties, an employee such as an accountant who opens a bank statement should not be the same person that is saddled with the responsibility of reconciling cash inflow and outflow.

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