In Business,which of the Following Methods of Alternative Dispute Resolution

question 117

Multiple Choice

In business,which of the following methods of alternative dispute resolution is more often used in disputes between employers and employees about topics such as workplace conditions,wrongful discharge,or advancement grievances?

• A)Arbitration
• B)Minitrials
• C)Negotiation
• D)Mediation
• E)Collaborative goal-oriented processes

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Definitions:

Accounts Payable

Amounts a company owes to its creditors for goods or services that have been delivered or used but not yet paid for.

FOB Shipping Point

This term represents a shipping agreement where the buyer takes responsibility for the goods once they are shipped, implying ownership transfer at the seller's location.

Freight Costs

Costs a company bears to move merchandise from one location to another.

Purchased Merchandise

Goods acquired by a business for the purpose of reselling them to final consumers.