Questions
Questions

Introduction to Personal Finance CP - 2 - Beatty - Preparatory Academy - 1st Semester - 2025/2026 Unit 3: Exam- Requires Respondus LockDown Browser

Single choice

Which of the following alternative dispute resolution (ADR) processes is usually the first approach taken when trying to resolve a dispute?

Options
A.mediation
B.negotiation
C.binding arbitration
D.voluntary arbitration
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Step-by-Step Analysis
To understand which ADR process is usually the first approach, let's restate the question and options: Question: Which ADR process is usually the first approach taken when trying to resolve a dispute? Options: 1) mediation 2) negotiation 3) binding arbitration 4) voluntary arbitration Option 1: mediation. Mediation involves a neutral third party who helps the disputing sides communicate and work toward a settlement, but the key element is that the mediator facilitates rather than directly negotiates on......Login to view full explanation

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