In All of the Following Situations,it Might Make Better Sense

question 92

Multiple Choice

In all of the following situations,it might make better sense to undertake a part-time business EXCEPT when

• A)there is a narrow window of opportunity.
• B)you lack the resources for a full-scale business.
• C)you want to gain basic experience.
• D)you are buying an existing business.

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Definitions:

Binding Arbitration

An arbitration agreement where the decision made by the arbitration panel is final and legally binding on all parties.

Court

A governmental institution authorized to resolve legal disputes between parties and administer justice in legal cases.

Submission Agreement

A contract in which the parties agree to submit to arbitration to resolve disputes instead of going to court.

Arbitration Initiation

The formal starting process of arbitration, where a dispute is submitted to an impartial third party for a binding decision.