Mark and Elizabeth Have a Dispute Over Who Breached a Contract

question 37

Multiple Choice

Mark and Elizabeth have a dispute over who breached a contract between their respective companies. The two hire a referee to offer a legally binding judgment in a dispute. What form of ADR is this?

• A) Private trial
• B) Summary jury trail
• C) Negotiated settlement
• D) Mediation
• E) Arbitration

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Definitions:

Self-Managed Teams

Groups of employees who operate without the traditional hierarchy of management, collectively making decisions and managing their own affairs.

Co-Acting Groups

Groups that collaborate on tasks with minimal direct interaction, often relying on digital communication platforms.

Interacting Teams

Interacting teams are groups of individuals who work closely together, regularly communicating and collaborating to achieve their goals.

Functional Work Teams

Teams organized around specific functions or tasks within an organization, such as sales, marketing, or product development, focused on achieving particular objectives.