A UScompany Decides to Outsource a Part of Its Operations to to a Tokyo

question 18

Multiple Choice

A U.S.company decides to outsource a part of its operations to a Tokyo -based company.Both parties sign a contract specifying various terms of agreement.The contract includes a clause that specifies that any dispute or conflict arising during the contract period will be resolved based on the U.S.laws.What is this clause known as?

• A)Statute of limitations clause
• B)Non-waiver clause
• C)Severability clause
• D)Arbitration clause
• E)Choice of law clause

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Definitions:

Market Demand Curve

A graphical representation showing the quantity of a good that all consumers in a market are willing to purchase at various prices.

Public Good

A product or service that is made available to all members of a society by the government or a private entity, characterized by non-excludability and non-rivalry in consumption.

Marginal Cost

The increment in production cost when an extra unit of a product or service is produced.

Optimal Number

The best or most favorable amount of something in terms of efficiency or success.