Which Type of Dispute Settlement Mechanism Involves a Third Party

question 19

Multiple Choice

Which type of dispute settlement mechanism involves a third party or Elders' council who have the authority to reach a decision among the parties involved in the dispute?

• A) the chieftainship system
• B) the self or kin based system
• C) the advisor system
• D) the mediator system

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Definitions:

Compromise Policy

A compromise policy is a policy that is agreed upon through concessions from all parties involved, aiming for a middle ground solution.

Debt/Equity Ratio

Debt/Equity Ratio is a financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.

Compromise Policy

A strategy or approach that involves making concessions or finding a middle ground between different opinions or objectives in decision-making processes.

Cash Dividend

A distribution of a company's earnings to shareholders in the form of cash, indicating the company's underlying profitability and cash flow health.