Which of the Following Is an Advantage of Using ADR

question 23

Multiple Choice

Which of the following is an advantage of using ADR?

• A) Lengthy process
• B) Sets a binding precedent
• C) More expensive than litigation
• D) Ensures full disclosure
• E) Speedy resolution

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Definitions:

Recent Years

A term referring to the very latest past period, often without specifying the exact duration.

Defined Benefit Pension Plans

Retirement plans where an employer guarantees a specified pension amount to employees based on salary history and length of service.

Defined Contribution Plans

Retirement savings plans where the amount of the retirement benefits is determined by the contributions made by the employee and/or the employer.

Retirement Income

Money an individual receives after retiring from active employment, usually in the form of pensions, savings, or investments.