In Which of the Following Dispute Resolution Alternatives Does the Neutral

question 267

Multiple Choice

In which of the following dispute resolution alternatives does the neutral third party dictate a settlement between the two sides, which have agreed to submit to outside judgment?

• A) Arbitration
• B) Strike
• C) Lockout
• D) Boycott
• E) Mediation

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Definitions:

Applicable Federal Rate

The minimum interest rate set by the IRS for private loans to prevent tax avoidance through low-interest loans.

Recognize Income

Recognize income refers to the point in time when income is considered earned and must be reported for tax purposes.

Tax-exempt

Income or transactions that are legally excluded from taxation.

Economic Benefit

The advantage or gain received from a financial transaction or situation, which may have tax implications or influence fiscal decisions.