List and Briefly Describe Four Methods for Identifying Risks

question 4

Essay

 List and briefly describe four methods for identifying risks.

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Definitions:

ADR Methods

Alternative Dispute Resolution methods, including mediation and arbitration, used to resolve conflicts outside of the traditional courtroom setting.

Arbitration Agreement

is a contract in which parties agree to resolve disputes outside of court, through an arbitration process.

Arbitration Agreement

A contract in which parties agree to settle a dispute outside of court through the process of arbitration, where an arbitrator's decision can be binding or non-binding.

Arbitrators Bias

A situation where an arbitrator shows partiality or prejudice, affecting their neutrality in dispute resolution.