Abacus Industries Is Considering Arbitration to Resolve Its Dispute with a Foreign

question 62

Multiple Choice

Abacus Industries is considering arbitration to resolve its dispute with a foreign supplier.Which statement best describes why arbitration is popular for settling international commercial disagreements?

• A) Arbitration is mandatory in contracts involving the international sale of goods.
• B) There is no international court for the resolution of commercial disputes.
• C) Arbitration decisions can be appealed to the courts.
• D) Arbitrators must meet mandatory qualifications.

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Definitions:

Bar Chart

A graphical representation of data using bars of varying heights or lengths to show the values across different categories.

Frequency Polygon

A graphical representation of the distribution of a dataset that uses lines connecting points representing the frequencies of respective values.

Initial Understanding

The foundational or basic comprehension of a concept, phenomenon, or situation before further, deeper learning takes place.

Dependent Variables

Variables in an experiment that are expected to change as a result of changes made to the independent variables.