Which of the Following Is a Difference Between Arbitration and Minitrials

question 62

Multiple Choice

Which of the following is a difference between arbitration and minitrials?

• A) The disputants are not represented by legal counsel in a minitrial, unlike in arbitration.
• B) The parties are more likely to be involved in direct communication during arbitration than in minitrials.
• C) The neutral party in arbitration is appointed by a court, but they are selected by the disputants in a minitrial.
• D) The neutral adviser in minitrials provides an opinion on the case, whereas the arbitrator delivers a binding decision.

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Definitions:

Depreciation Deduction

A tax deduction representing the decrease in value of an asset over time, allowed to be deducted from taxable income.

Internal Revenue Code

The comprehensive federal law that governs all aspects of income tax in the United States.

Capital Investment

Funds invested in a firm or enterprise for the purpose of furthering its business objectives.

Manufacturing Sunk Cost

Costs that have already been incurred in the manufacturing process and cannot be recovered or altered by future decisions.