Which of the Following Statements Is True of Mediation

question 91

Multiple Choice

Which of the following statements is true of mediation?

• A) A mediator is appointed by a court.
• B) The proceedings of mediation can be used in litigations.
• C) Mediation is more time-consuming and expensive than litigation.
• D) Mediation is used increasingly to resolve insurance claim disputes and commercial contract problems.

---

Definitions:

Extraordinary Item

An unusual and infrequent gain or loss that is reported separately in the financial statements.

Early Retirement

The act of leaving one's job and stopping work before the typical age or requirement for pension eligibility has been reached.

Foreign Currency

Currency used in a country other than the domestic one, impacting transactions, accounting, and financial reporting.

Extraordinary Items

Unusual and infrequent gains or losses that are reported separately on a company's income statement.