Many Parties Are Now Using Alternative Methods of Dispute Resolution

question 4

Multiple Choice

Many parties are now using alternative methods of dispute resolution outside the courts for which of the following reasons?

• A) Court trials have high money and time costs.
• B) Court trials are becoming increasingly hard to get.
• C) Many parties think they will have a better chance of getting what they want.
• D) All of these choices are correct.

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Definitions:

Raw Materials

Basic materials that are used in the production process, which will be transformed into finished goods through manufacturing.

Work in Process Inventory

Goods that are in the production process but have not yet been completed.

Direct Materials Standards

The expected cost and quantity of materials required for the production of a unit of product.

Raw Material Price

This refers to the cost of basic materials that are used in the production of goods.