An Advantage of Using an Arbitrator Is

question 263

Multiple Choice

An advantage of using an arbitrator is:

• A) the arbitrator is a biased expert
• B) the arbitrators is not trusted by both parties
• C) the matter is resolved more quickly than in most court trials
• D) the process is more costly than a regular trial
• E) all of the other choices are correct

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Definitions:

Estimated Useful Life

The length of time, usually expressed in years or periods, that an asset is expected to be used in business operations.

Plant Assets

Durable physical assets utilized in manufacturing goods and providing services, including structures, machines, and tools.

Nonphysical Assets

Assets that do not have a physical presence, such as intellectual property, patents, and trademarks.

Land Account

An account on the balance sheet that reports the cost of land owned by a company.