Awards Obtained Under the United Nations Convention on the Recognition

question 68

Multiple Choice

Awards obtained under the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards:

• A) Are always upheld by all courts.
• B) Can never be enforced in US courts.
• C) Are recognized by most courts unless there is a defense to enforcing the award.
• D) Are first addressed at the United Nations for fairness.
• E) Are subject to international courts that review all awards.

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Definitions:

Time-Driven Activity-Based Costing

A cost accounting method that assigns costs based on the time resources are consumed by activities.

Customer Support Department

A division within a company responsible for assisting customers with any queries, problems, or complaints regarding the company's products or services.

Customer Cost Analysis

The process of analyzing the costs involved in serving a customer, including acquisition, service, and support costs, to determine profitability.

Activity-Based Costing

An expense determination technique that identifies organizational activities and attributes the cost of each to all products and services, commensurate with their genuine consumption.