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:

Personnel Department

A division of a company responsible for managing human resources and employee relations.

Investment Turnover

An indicator of how effectively a corporation utilizes its assets to produce sales or income.

Return On Investment

A profitability measure that calculates the return of an investment relative to its cost.

Profit Center

A division or segment of a company that is responsible for generating its own revenue and profit.