Why Might Attorneys Refuse to Consider ADR

question 35

Multiple Choice

Why might attorneys refuse to consider ADR?

• A) They worry it will make them look weak.
• B) They think responding improves their position rather than initiating settlement.
• C) Because parties might be less honest about settlement amounts.
• D) All of these answers are correct.

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Definitions:

Gross Profit Method

An inventory estimation method used to calculate the cost of goods sold and ending inventory, based on gross profit margins.

Market Value

Today's selling or buying price for services or assets in a trading environment.

Lower Of Cost

An accounting principle ensuring that inventory is reported at the lower of its original cost or its market value if the market value is less.

Market Rule

A guideline or principle applied to assess the acceptability, pricing, or regulation of goods and services in a market.