Which of the Following Statements Is True of Caucuses in Dispute

question 91

Multiple Choice

Which of the following statements is true of caucuses in dispute resolution?

• A) They are sometimes used by mediators to make the mediation processes more productive.
• B) They only occur when mandated by a court order.
• C) They involve negotiations between the disputing parties without a mediator and in the presence of their attorneys.
• D) They are illegal because they are considered ex parte communications.
• E) They are synonymous with de novo reviews.

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Definitions:

Producer Surplus

The difference between the amount producers are willing to supply a good for and the amount they actually receive.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.

Marginal Benefit

This is the additional benefit received from the consumption of one more unit of a good or service.

Output Level

Refers to the quantity of goods or services produced by a firm or economy at a given point in time.