Alternative Dispute Resolution ADR)is a Common Method of Dispute Resolution

question 4

Multiple Choice

Alternative dispute resolution ADR) is a common method of dispute resolution that avoids many of the challenges associated with:

• A)conciliation.
• B)mediation.
• C)negotiation.
• D)arbitration.
• E)litigation.

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Definitions:

Implied Ratification

The tacit approval or acceptance of an act by behaving in a manner that assumes the act was properly authorized.

License

A permit from an authority to own or use something, do a particular thing, or carry on a trade.

Certain Professions

Specific occupations that require specialized education, skills, or certifications, often regulated by professional bodies or laws.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.