A Type of Alternative Dispute Resolution That May Be Non-Binding

question 15

Multiple Choice

A type of alternative dispute resolution that may be non-binding or binding that occurs when a third person is appointed by the courts or selected by the parties to hear a matter and issue a decision in the case is known as

• A)Litigation
• B)Negotiation
• C)Arbitration
• D)Mediation

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Definitions:

Market Value Method

A valuation technique that determines the price an asset would fetch in the marketplace or the value of a company based on the current market price of its shares.

Convertible Bonds

Bonds that can be converted into a predetermined number of the issuing company's shares.

U.S. GAAP

Generally Accepted Accounting Principles in the United States, which are a set of rules and standards for financial reporting.

Interest Expense

The cost incurred by an entity for borrowed funds, representing the interest payments due on any type of debt, including loans, bonds, and lines of credit.