The Form of ADR That Occurs When Two or More

question 51

Multiple Choice

The form of ADR that occurs when two or more parties put their dispute in the hands of an independent and expert third party in order for that party to resolve the matter is called:

• A)delegation.
• B)abdication.
• C)mediation.
• D)arbitration.

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Definitions:

Business Legislation

Laws that govern how businesses can operate, including regulations on company formation, taxation, and employment.

Substantially Reduce Competition

Actions or situations that significantly decrease the level of competition within a market or industry.

U.S. Sentencing Commission

An independent agency of the judicial branch of the U.S. government, responsible for establishing sentencing policies and practices for the federal courts.

Effective Compliance Program

A set of internal policies and procedures implemented by a company to ensure lawful and ethical conduct.