A Process Alternative to Litigation Is Mandatory in Many States

question 26

Multiple Choice

A process alternative to litigation is mandatory in many states for couples seeking divorce. A neutral third party who approaches the parents together in a non-adversarial manner is called a:

• A) mentor.
• B) mediator.
• C) counselor.
• D) social worker.

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Definitions:

Least Possible Cost

The minimum expenditure necessary to achieve a specific outcome or procure a good or service, often used in the context of production or economic theory.

Positive Economics

The branch of economics that focuses on objective analysis and facts to describe how economies actually work.

Efficient Market

A market in which all available information is fully and immediately reflected in asset prices, thus making it impossible to consistently achieve higher returns on investment than average market returns on a risk-adjusted basis.

Profit Opportunities

Situations where businesses can generate higher returns on investment than the market average.