________ Is a Nonjudicial,private Resolution of a Contract Dispute

question 40

Multiple Choice

________ is a nonjudicial,private resolution of a contract dispute.

• A) Arbitration
• B) Reformation
• C) Injunction
• D) Rescission

Avoid generalizations in cross-cultural communication and practice cultural sensitivity.

Recognize the importance of active listening and providing support in interpersonal communication.

Understand the concept of incentive motivation and its external influences.

Compare and contrast different motivational models, particularly those of Tolman and Hull.

---

Definitions:

Equity

Fairness.

Zero-Profit Equilibrium

A situation in a competitive market where each firm earns exactly what it spends, leaving no net profit.

Average Cost

The aggregate expense of manufacturing, when divided by the total goods manufactured, denotes the unit cost.

Communication

The exchange of information or messages between individuals through various channels and mediums.