How Can Companies Avoid Litigation

question 100

Essay

How can companies avoid litigation?
a.Agreeing to arbitration for parties that companies have a preexisting contractual relationship with,such as customers,suppliers,and employees.
b.Acting legally and ethically,and identifying legal pitfalls before they become real problems.

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Definitions:

Spending Variance

The difference between the budgeted or planned amount of spending and the actual amount spent over a specific period, often analyzed in budgeting and financial management.

Actual Level

The real, measured level of output, performance, or activity experienced by an organization, as opposed to projected or estimated levels.

Occupancy Costs

Expenses related to occupying a physical space, including rent, utilities, and property taxes.

Flexible Budget

A flexible budget adjusts to changes in activity levels, providing a more useful comparison of actual to budgeted performance.