To Resolve a Dispute in Nonbinding Arbitration, Alyson in Baltimore

question 68

Multiple Choice

To resolve a dispute in nonbinding arbitration, Alyson in Baltimore and Chuck in Denver utilize E-Resolve, an online dispute resolution (ODR) service. This limits these parties' recourse to the courts​

• A) ​not at all.
• B) ​until the ODR service has issued a decision.
• C) ​with respect to any dispute arising between them.
• D) ​with respect to this dispute only.

---

Definitions:

Long-Term Assets

Assets owned by a company that have a useful life of more than one year, such as property, plant, and equipment.

Current Assets

Current assets are assets that are expected to be converted into cash, sold or consumed within a year or within the normal operating cycle of the business, such as cash, inventory, and receivables.

Installation

refers to the process of setting up and configuring equipment or software to make it ready for use.

Repairs

Expenditures to restore or maintain an asset in its normal operating condition without significantly improving its life or value.