A Reason for Globalization Includes Shifting Work Closer to Customers

question 19

True/False

A reason for globalization includes shifting work closer to customers for fast delivery and customization.

Identify and explain various ADR processes such as mediation, arbitration, and negotiation.

Distinguish between binding and non-binding ADR processes.

Recognize the role and authority of an arbitrator in the arbitration process.

Understand the enforceability of arbitration agreements under the Federal Arbitration Act (FAA).

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Definitions:

Delphi Technique

A method for gathering expert opinions to reach a consensus on a specific issue through a series of questionnaires with controlled feedback.

Skills Gap

The difference between the skills required for a job and the skills possessed by the workforce.

Human Capital

The aggregate of talents, insights, and invisible resources owned by people that have the potential to generate economic profit for the workers, their employers, or the community they live in.

Automation

The use of technology and machinery to perform tasks without human intervention, often improving efficiency.