Which of the Following Is True Regarding Arbitration in Brazil

question 14

Multiple Choice

Which of the following is true regarding arbitration in Brazil?

• A) Brazilian lawmakers have reformed several articles in the Brazilian Civil Code to increase the practice of arbitration.
• B) Parties must sign an "arbitration commitment" recognizing that the parties agree that any decision must be appealed to the judiciary branch of government.
• C) Because of a commitment by legislators to reduce arbitrations, parties may only arbitrate family law matters.
• D) Because of a commitment by legislators to reduce arbitrations, parties may only arbitrate corporate law matters.
• E) Arbitration is outlawed in Brazil.

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Definitions:

Inventory Turnover

A ratio showing how often a company's inventory is sold and replaced over a certain period of time.

LIFO

Last In, First Out, an inventory valuation method where the most recently produced or acquired items are the first to be expensed.

Net Adjustment

Net adjustment in finance refers to the total change or modification made to a figure or record to correct it or bring it to its current value, often seen in contexts like accounting and investments.

Operating Activities

Transactions and other events related to the core business operations, including revenue and expense activities that affect the net income.