Rita Fuller and Robert Morgan Are Contending Parties to a Lawsuit

question 79

Multiple Choice

Rita Fuller and Robert Morgan are contending parties to a lawsuit involving the division of the inheritance from their grandmother.They wish to settle their case out of court.Rita and Robert engage in discussions and bargaining in the presence of their attorneys and finally conclude that Robert keeps 60 percent of the inheritance and Rita gets the remainder.In this scenario,the ________ method of alternative dispute resolution is used.

• A)negotiation
• B)arbitration
• C)mini-trial
• D)mediation

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Definitions:

Revenue Centres

Units or departments within an organization responsible for generating the organization's income.

Return On Investment

A metric used to evaluate the efficiency of an investment or to compare the efficiencies of several investments.

Cost-Based Transfer Prices

A pricing method used within a company for goods and services sold between its different divisions, based on the costs incurred in producing those goods or services.

Actual Costs

The genuine and overall expenses incurred for materials, labor, and overhead in producing a product or providing a service.