In a Contract Between Samsung and Best Buy for the Purchase

question 46

Multiple Choice

In a contract between Samsung and Best Buy for the purchase of 5,000 television sets, it stated that the laws of Korea would apply if there are any legal disputes. This is an example of a

• A)governing law clause
• B)venue clause
• C)arbitration clause
• D)an entire agreement clause
• E)liquidated damages clause

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Definitions:

HR Professionals

Individuals who work in human resources, specializing in areas such as recruitment, training, employee relations, and performance management.

Enterprise Resource Planning (ERP)

Integrated management software systems used by organizations to manage day-to-day business activities such as accounting, procurement, project management, and supply chain operations.

Implementing ERP

The process of adopting and integrating Enterprise Resource Planning software into a company's operations to streamline processes and improve efficiency.

Human Resource Planning

The process through which companies ensure they have the right number and kind of people, in the right places, at the right times, capable of effectively and efficiently completing tasks that help the organization achieve its overall strategic objectives.