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
View Explanation
Verified Answer
Please login to view
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 explanationLog in for full answers
We've collected over 50,000 authentic exam questions and detailed explanations from around the globe. Log in now and get instant access to the answers!
Similar Questions
One alternative to product liability lawsuits is called
Question at position 14 Arbitration is a method of resolving disputes in which a third party assists the parties in a negotiation by focusing on the process without offering advice or opinions.TrueFalse
Conciliation and mediation are two words for the same thing.
Which from the following is NOT the bodies of Alternative Dispute Resolution (ADR)?
More Practical Tools for Students Powered by AI Study Helper
Making Your Study Simpler
Join us and instantly unlock extensive past papers & exclusive solutions to get a head start on your studies!