The Administrative Dispute Resolution Act

question 52

Multiple Choice

The Administrative Dispute Resolution Act:

• A) was enacted by Congress in 1980 to help alleviate the caseload on administrative agencies.
• B) requires federal agencies to use alternative dispute resolution.
• C) was enacted to require state and federal agencies to use formal methods of dispute resolution.
• D) authorizes and encourages,but does not require,federal agencies to use techniques such as mediation,conciliation,and arbitration to resolve disputes informally.

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Definitions:

Company

A legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.

Perilous Stage

A critical or dangerous phase in a process, project, or journey where the risk of failure or adverse outcomes is significantly high.

Lead Entrepreneur

The primary individual responsible for starting, organizing, and managing a new business venture.

Fully Diluted

Relating to the maximum possible number of shares of a company, including all warrants, options, and convertible securities.