Question
Under Section 7(3) and (4), which form of communication
does NOT constitute "writing" for a valid arbitration agreement?ÂSolution
Section 7(3) mandates: "An arbitration agreement shall be in writing." Section 7(4) defines "in writing" to include: (a) documents signed by parties; (b) exchange of letters, telex, telegrams, or other means of telecommunication including electronic means providing a record; or (c) exchange of statements of claim and defence where existence is alleged and not denied. The critical requirement is a record of agreement—oral agreements, even if later memorialized in writing, are not recognized because the original agreement lacked documentary form. An oral statement before witnesses lacks the essential evidentiary certainty that writing provides.
Which of the following decisions cannot be delegated?
________ decision theory is concerned with how people actually make decision.
As per Mintzberg, a manager can perform 4 types of decisional roles. Which of the following is not one of them?
What do we call a course of action purposely chosen from a set of options to achieve organizational or managerial objectives or goals?
Which type of decision is made in a situation that is new, complex, and has no established guidelines?
What is the first step in the decision-making process?
What types of a decision is one that is made before the occurrence of an external or internal change?
A decision taken in response to a problem that has already taken place, is known as _____________
How can collaboration with diverse teams enhance the identification of possible solutions?
What is a potential drawback of relying solely on intuition when identifying possible solutions?