Dispute Arbitration Occurs When

question 55

Multiple Choice

Dispute arbitration occurs when

• A) a dispute turns into a military conflict but is not officially declared a war by the legislative branch.
• B) an international disagreement is referred to a neutral third party for resolution.
• C) a treaty is made between two or more nations.
• D) an agreement is made between the presidents of two countries but the terms are not legally binding.
• E) the United Nations votes on a resolution compelling two countries at war to stop all military actions.

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Definitions:

Top Management

The highest level of management in an organization, responsible for making strategic decisions.

Decentralization

The distribution of decision-making powers from central authority to individuals or units at lower levels within an organization or state.

Responsibility Accounting

The process of measuring and reporting operating data by areas of responsibility.

Responsibility Centers

Parts of an organization treated as separate entities for managerial accounting and performance measurement, each responsible for its own revenues, expenses, and investment funds.