Which third-party intervention is commonly used in national emergency disputes?
A) fact finding
B) mediation
C) binding arbitration
D) nonbinding arbitration
Answer: A
Business
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Upper or lower limits placed on the prices of products sold within a country are known as ________
A) price controls B) transfer prices C) price escalators D) arm's length prices
Business
Zach has the following information to evaluate—his current salary of $75,000 versus total revenues of $100,000 and expenses of $67,000 from starting a new business. How much is the opportunity cost associated with staying at his current job?
A) $75,000 B) $(8,000 ) C) $33,000 D) $167,000
Business