Match the Type of Alternative Dispute Method Its Meaning

question 9

Multiple Choice

Match the type of alternative dispute method its meaning
-Arbitration

• A)Where the third party, the conciliator, takes a more interventionist role in bringing the two parties together and in suggesting possible solutions to help achieve an agreed settlement
• B)A procedure whereby both sides to a dispute agree to let a third party decide
• C)Is a process where an independant third party who is an expert in the subject matter is appointed to decide the dispute
• D)A process in which a neutral professional, commonly a lawyer hears a summary of each party's case and gives a non=binding assessment of the merits

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Definitions:

Monthly Compounded

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Nominal Rate

The interest rate before adjustments for inflation, often referred to as the stated or face value rate of interest.

Membership Fee

A charge paid to belong to a club, organization, or online service, typically on a recurring annual or monthly basis.

Quarterly Contributions

Payments or deposits made into a financial account or investment plan every three months.