Asked by Priyadarshi Samal on Apr 29, 2024
Verified
What do the various alternative dispute resolution methods such as mediation and arbitration have in common?
A) Binding decision by third party
B) High cost
C) Legally questionable
D) Not available to profit-seeking businesses
E) Out-of-court settlements
Alternative Dispute Resolution
A range of processes and techniques used to resolve conflicts or disputes without traditional legal proceedings, including mediation and arbitration.
Out-Of-Court Settlements
Agreements made privately between disputing parties without the need for a formal court ruling.
- Master the fundamentals and techniques of managing diversity and understanding the repercussions of the political-legal setting on business practices.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
E
Explanation :
The commonality among alternative dispute resolution methods such as mediation and arbitration is that they both seek to provide out-of-court settlements.
Learning Objectives
- Master the fundamentals and techniques of managing diversity and understanding the repercussions of the political-legal setting on business practices.
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