Question

Teel’s Tacos, a food company in the United States, is trying to resolve a dispute with a local company in Belize that has been operating under the same name in its country. All attempts made by the U.S. company to settle the issue in a friendly manner have failed, so the owners of the U.S.-based Teel’s Tacos have decided to settle the dispute with the local company by appointing a mediator. They also want the sessions to be private because of the fear of creating a poor public image. Which of the following dispute resolution methods is best suited for this situation?

• conciliation

• arbitration

• coercion

• litigation

• prosecution

The transitional sector differs from the modern urban sector in that the transitional sector

• is an exclusively agriculture-oriented sector.

• consists of population that moves from the country to the large cities.

• consists of population that works in the countryside.

• represents the high-income urban slums.

• consists of an expanding Westernized middle class.

As Timothy examines markets that might match his company’s investment requirements, he is particularly interested in the fact that the European Community has an extensive transportation network. This network seems to draw all the member nations closer together physically. What critical factor for ensuring an effective economic union is Timothy most likely examining when reviewing transportation networks?

• cultural factors

• geographic proximity

• trade factors

• economic factors

• political factors

Answer 1

1) b. Arbitration

2) b. Consists of population that moves from the country to the large cities.

3) b. Geographic proximity.