Which of the Following Is Accurate Regarding the Speed and Cost

question 64

Multiple Choice

Which of the following is accurate regarding the speed and cost of ADR as compared to litigation?

• A) It is usually faster and cheaper.
• B) It is usually faster but more expensive.
• C) It is usually slower and more expensive.
• D) It is usually slower but cheaper.
• E) No studies have been conducted, so issues regarding the speed and cost of ADR as opposed to traditional litigation is unknown.

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Definitions:

Note Payable

A written promise to pay a specific amount of money, usually including interest, by a certain date or upon demand.

Management Fees

Charges levied by managers of investment funds or other managed investment schemes for administering investment funds.

Comprehensive Income

The total change in equity for a reporting period other than from transactions with owners, encompassing all revenues, gains, expenses, and losses.

Equity Method

A method for accounting for investments where the investor recognizes its share of the profits and losses of the investee..