Which of the Following Statements Is TRUE with Respect to Alternative

question 70

Multiple Choice

Which of the following statements is TRUE with respect to alternative dispute resolution?

• A)Arbitration is often preferred to mediation when the parties want to receive a binding decision from a third party.
• B)Arbitration cannot be used unless the parties previously created a contract that required all disputes to be resolved solely by arbitration.
• C)Negotiation is often considered a binding process when used by large corporations.
• D)Because they work outside of the regular court system, small claims courts are considered a form of binding arbitration.
• E)While negotiation and mediation are confidential procedures, arbitration is not confidential because arbitrators' decisions are always reported in public documents.

---

Definitions:

Metropolitan Statistical Area

A geographical region with a relatively high population density at its core and close economic ties throughout the area, often used for statistical purposes.

Urbanized Area

A geographic region characterized by high population density and vast human features in comparison to areas surrounding it, often including cities and towns.

Economic Integration

Refers to agreements between nations to reduce barriers to trade and invest more freely among each other.

Blended Family

A family formed by merging two previously separated units into a single household.