An Alternative Dispute Resolution Method That Allows the Employee to Be

question 16

Multiple Choice

An alternative dispute resolution method that allows the employee to be represented by an attorney in front of a neutral company executive is called

• A) mediation.
• B) arbitration.
• C) a hearing procedure.
• D) trial by fire.

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Definitions:

Simple Interest

Simple interest is a method of calculating interest where the interest charge is based on the original principal amount and does not accumulate or compound over time.

Variable Interest Rate

An interest rate that can fluctuate over time, usually based on underlying economic indicators or indices.

Pay Off

To completely repay the outstanding balance of a loan or debt.

Simple Interest

An interest calculation method where the interest charge is based on the original principal amount of a loan or deposit and does not accumulate or compound.