Ralph Richards Has Been Attempting to Solve a Problem That

question 33

Multiple Choice

Ralph Richards has been attempting to solve a problem that his company has with a contract default by the Dutch government. He has tried conciliation but the two parties could never find any common ground on which to begin a fruitful negotiation for settlement. Which of the following will most likely be the course of action that both of the two parties will try next?

• A) Mediation
• B) Informal settlement
• C) Arbitration
• D) Litigation
• E) Coercion

---

Definitions:

Production

The process of creating, manufacturing, or producing goods and services, often involving a series of operations or stages.

Inventory

The total amount of goods and materials held in stock by a company, warehouse, or store.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices.

Finishing Hour

The specific time at which a task, event, or work shift is completed.