Arbitration Is

question 93

Multiple Choice

Arbitration is

• A) required by the Federal Arbitration Act.
• B) not allowed in interstate commerce contracts.
• C) always preferable at litigation.
• D) a private contractual process.

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Definitions:

Decision Support Systems

Computer-based information systems designed to assist managers in making decisions by providing relevant data and analytic tools.

Groupware

Collaborative software designed to support a group's work, particularly in terms of communication, coordination, and problem-solving.

Virtual Teams

Groups of individuals working together from different geographic locations, connected via technology like videoconferencing, emails, and collaborative software.

E-commerce

Electronic commerce involves buying and selling goods and services using the internet, and it includes the transfer of money and data to execute these transactions.