Binding Arbitration

question 48

Multiple Choice

Binding arbitration:

• A)Requires that a terminated project be completed before damages are awarded.
• B)Requires empanelment of equal numbers from both the client and project organizations to reach a verdict.
• C)Should be used to settle disputes only if the principle of caveat emptor does not apply.
• D)Can settle outstanding claims or disputes provided that all parties agree to its use.

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Definitions:

Tainos

Indigenous peoples of the Caribbean, the first Native Americans to encounter Christopher Columbus and his men upon their arrival in the New World.

Lucrative Relations

Relationships, either between countries or businesses, that are highly profitable and beneficial to the parties involved.

Civilization

A complex society characterized by the development of forms of government, social stratification, urbanization, and symbolic systems of communication such as writing.

Agricultural Practices

Methods and techniques used in farming to cultivate plants and raise animals for food, fiber, and other products.