What are the two most common forms of alternate dispute resolution?
What will be an ideal response?
The most common forms of alternative dispute resolution are mediation and arbitration. Mediation is a non-binding informal process wherein a mediator evaluates the arguments of both sides and helps the parties reach common ground. If mediation fails, the parties may proceed with litigation. Arbitration, on the other hand, is a "mini trial" wherein each party presents its case to one or more arbitrators, who render a binding decision that generally cannot be appealed. Arbitration is often voluntary but can also be mandatory.
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The success of SCM integration often depends more on ________ and on arriving at an agreed policy between trading partners, rather than on sophisticated information technology
A) networks B) protocols C) communication D) standardization
Exhibit 7-1 Edwards Co purchased raw materials with a cost of $95,000 on March 2, 2015. Credit terms of 3/20, n/60 applied. Edwards paid for the purchase on March 18, 2015. Calculate the amount at which Edwards would record the inventory on March 2, 2015, the date of purchase, using the method given. Refer to Exhibit 7-1. Edwards uses a perpetual inventory system and the net price method
A) $42,000 B) $76,000 C) $92,150 D) $95,000