A Textile Manufacturing Company Is Trying to Solve a Dispute

question 81

Multiple Choice

A textile manufacturing company is trying to solve a dispute with one of its raw material suppliers over a breach of contract. After the initial attempts to solve the dispute in a friendly informal manner failed, the companies have approached an international commission to appoint an informed party to act as a referee and make a judgment that both parties will honor. Which of the following dispute resolution methods is being used by the companies in the above scenario?

• A) Litigation
• B) Arbitration
• C) Mediation
• D) Coercion
• E) Judicial intervention

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Definitions:

Toussaint Louverture

A leader of the Haitian Revolution, who played a key role in the country’s fight for independence from France, becoming a symbol of the struggle against slavery.

Quasi War

An undeclared naval conflict between the United States and France from 1798 to 1800, arising from disputes over treaties and naval harassment.

Undeclared

Refers to a situation or status not officially announced or confirmed, often used in the context of wars, intentions, or academic majors.

Franchise

Franchise, in the context of politics, refers to the right to vote in public elections, an essential element of democratic governance and citizen participation.