A Clause in a Contract Between Timber Corporation,a U

question 51

Multiple Choice

A clause in a contract between Timber Corporation,a U.S.business,and Wang,Ltd.,a Japanese business,specifies that disputes over the contract will be adjudicated in the United States.This is

• A)a choice-of-forum clause.
• B)a choice-of-law clause.
• C)a force majeure clause.
• D)an arbitration clause.

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Definitions:

Seasonal Workers

Individuals employed on a temporary basis to meet the fluctuating demand for labor, commonly in industries like agriculture, retail, and tourism.

Labour Supply

The total pool of individuals willing and able to provide labor for employment in the economy.

Managerial Strategy

Refers to the plans and actions taken by management to achieve company objectives and enhance the performance of the organization.

High-Involvement Management

An approach to management that focuses on empowering employees by involving them in decision making and giving them a sense of ownership of their work.