Apex Corporation Has a Disagreement Over the Terms of an Agreement

question 29

Multiple Choice

Apex Corporation has a disagreement over the terms of an agreement with the national distributor of their product. Apex Corporation and the distributor talk to each other about their dispute, in an effort to reach a resolution of the conflict without involving intermediation by a disinterested third party. This is an example of _____.

• A) conciliation
• B) mediation
• C) mock trial
• D) arbitration

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Definitions:

Decision

A choice made after consideration of options and usually involving a degree of judgment or conclusion.

Chart

A graphical representation of data designed to make the information easily understandable at a glance.

Distinctive Competition

Is the unique competitive edge or positioning that sets an entity apart from its competitors in the marketplace.

Unique

Being the only one of its kind; without equal or equivalent in characteristic or importance.