Dispute Arbitration Occurs When A(n)

question 14

Multiple Choice

Dispute arbitration occurs when a(n)

• A)dispute turns into a military conflict but is not officially declared a war by
• The legislative branch.
• B)international disagreement is referred to a neutral third party for resolution.
• C)treaty is made between two or more nations.
• D)agreement is made between the presidents of two countries but the terms are
• Not legally binding.

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Definitions:

Variable Costs

Expenditures that adjust according to the quantity of goods or services produced by an enterprise.

Fixed Costs

Regular outgoings that stay the same whether production or sales rates increase or decrease, for instance, rental costs or salary payments.

Net Income

This refers to the total profit of a company after all expenses and taxes have been deducted from total revenue.

Variable Cost

Costs that vary in proportion to the volume of goods or services produced, such as materials and labor.