When a Business Has a Dispute with Another Business,there Is

question 36

Essay

When a business has a dispute with another business,there is often the option of seeking recovery through litigation or the use of ADR.What benefits might a business realize by using ADR rather than filing suit?

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Definitions:

Economic Problem

The challenge of managing limited resources to meet the unlimited wants and needs of a society.

Scarce Resources

Essential goods or inputs in limited supply compared to the demand, requiring allocation through economic systems.

Yield Per Acre

The amount of a particular crop produced on a single acre of land.

Wheat

Wheat is a cereal grain, originally from the Levant region of the Near East but now cultivated worldwide, a staple food used to make flour for breads, pasta, and other foods.