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Tom and Jerry Operate an Ice Cream Business as Equal

question 38

Essay

Tom and Jerry operate an ice cream business as equal partners.Tom wants to reinvest the profits,and Jerry wants to distribute and spend the profits.If they litigate,the court will likely order the business assets sold,which will destroy the income potential for both Tom and Jerry.Discuss how this dispute might be resolved by arbitration.


Definitions:

Meetings

Are gatherings or assemblies of people, typically employees or members of an organization, for the purpose of discussing issues, making decisions, or exchanging information.

Influence

The capacity or power of individuals or groups to effect change or impact the beliefs, behaviors, or actions of others.

Communication

The exchange of information or news between people, through speaking, writing, or using some other medium.

Goal

A desired result or outcome that a person or system envisions, plans, and commits to achieve.

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