One of the Benefits of Alternative Dispute Resolution Is That

question 19

True/False

One of the benefits of alternative dispute resolution is that it is less expensive than resolving your dispute with another party through the legal system.

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Definitions:

Cost Effectiveness

An evaluation measure to determine how effectively a party is achieving its objectives relative to the costs incurred.

Human Involvement

Human involvement indicates the participation or role of individuals in a process or system, often highlighting the importance of human input and decision-making.

Special Journal

A type of accounting journal that is used for recording and categorizing a specific type of transaction which occurs frequently.

General Journal

A primary accounting record used to record all types of transactions except for those related to specific tasks, such as sales or purchases, which have their own journals.