Which of the Following Is Usually Placed in the Arbitration

question 91

Multiple Choice

Which of the following is usually placed in the arbitration clause that is becoming standard in many international contracts?

• A)the names of arbitrators to be involved.
• B)the place of the arbitration (city and/or country).
• C)the titles of the arbitrators to be involved.
• D)the age of the arbitrators to be involved.
• E)the nationalities of the arbitrators.

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Definitions:

Setup Time

The duration required to prepare equipment or a process for production, affecting the efficiency of manufacturing operations and job scheduling.

Lot Size

The number of units of a product bought or sold in a single transaction.

Setup Cost

The expenses incurred when preparing equipment, machinery, or systems for a new production run or switching from producing one item to another.

Kanban Size

The specific quantity of work components or tasks represented by a Kanban card, used in the Kanban system to control the flow through the production system.