Match the Type of Alternative Dispute Method Its Meaning

question 30

Multiple Choice

Match the type of alternative dispute method its meaning
-Conciliation

• 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:

Net Working Capital

The difference between a company's current assets and current liabilities, indicating its short-term liquidity and ability to finance day-to-day operations.

Shipping Cost

The expense associated with transporting goods from one location to another.

Net Investment

The total amount invested in a project or asset after deducting depreciation or other capital allowances.

MACRS Depreciation

Stands for Modified Accelerated Cost Recovery System, which is a method of depreciation in the U.S. that allows for the accelerated write-off of property under certain conditions.