Which of the following statements is NOT TRUE with respect to arbitration proceedings?
A) Arbitration proceedings normally take more time than the it does to litigate a matter in the regular court system
B) An arbitrator's decision is binding and can be enforced as a court judgment
C) Arbitration proceedings are normally conducted without many of the procedural requirements of a formal trial.
D) An arbitrator must be neutral
E) Arbitration proceedings are often chosen as an alternative to having a dispute become subject to a foreign legal system
A
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The country of Argonia imposes an ad valorem tariff of 10 percent on 1 million tons of rice imports, after which an out-of-quota tariff of 80 percent is applied. Which of the following trade policy instruments is Argonia using?
A. Subsidy B. Tariff rate quota C. Voluntary export restraint D. Tariff ceiling E. Local content requirement
Based on the information in Table 4-1, the operating profit margin is
A) 37.5%. B) 47.5%. C) 26.4%. D) 32.8%.