A Nonbonding Agreement Between Parties to Resolve Disputes by Asking

question 94

Multiple Choice

A nonbonding agreement between parties to resolve disputes by asking a third party to mediate differences is called:

• A)conciliation.
• B)informal settlement.
• C)arbitration.
• D)litigation.
• E)coercion.

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Definitions:

Market-Based View

A strategic perspective that emphasizes the importance of external market conditions in shaping a firm's strategy and competitive advantage.

Industry Attractiveness

The desirability of an industry to firms and investors, based on factors like profitability, growth potential, and competition levels.

Organizational Resources

Assets, capabilities, processes, employee time, information, and knowledge that an organization controls, useful for creating and implementing strategies.

Tangible Resources

Physical and material assets owned by a business, such as buildings, machinery, and inventory.