Question

Ralph Richards’s company has been attempting to solve a problem with a contract default by the Dutch government. He has tried conciliation but the two parties did not find any common ground on which they could begin a fruitful negotiation for settlement. What is likely to be the course of action that both the parties will try next?

• arbitration

• informal settlement

• mediation

• coercion

• litigation

While expanding the investment base of a company, what can be used as a powerful ally in dealing with threats of government takeovers or harassment?

• opposing political parties

• the International Labor Organization

• the World Trade Organization

• banks that have lent money to the host government

• regional trade blocs

What long-term challenge is the European Union facing?

• limiting the political aspects of the Union

• including Asia into the Union

• establishing a common currency for the Union

• eliminating all tariffs on internal trade amongst member nations

• finding ways to contract the Union

Answer 1

Ralph Richards's company has been attempting to solve a problem with a contract default by the Dutch government. He has tried conciliation, but the two parties did not find any common ground on which they could begina fruitful negotiation for settlement. What is likely to be the course of action that both the parties will try next? litigation Reason: A legal way of approaching things is the next best way While expanding the investment base of a company, what can be used as a powerful ally in dealing with threats of government takeovers or harassment? the World Trade Organization Reason: The WTO will help make an unbiased decision and not allow forceful actions by any party What long-term challenge is the European Union facing? limiting the political aspects of the Union Reason: The lack of cooperation among the political powers in the EU is the biggest challenge it is facing right now