Fact Pattern 3-1 (Questions 31-33 Apply)

question 54

Multiple Choice

Fact Pattern 3-1 (Questions 31-33 apply)
Bean Vendors, Inc., and Java Bistros Corporation dispute a term in their contract.
-Refer to Fact Pattern 3-1. The least expensive method of resolving the dispute between Bean and Java may be

• A) arbitration because the case will be heard by a mini-jury.
• B) litigation because each party will pay its own legal fees.
• C) mediation because the dispute will be resolved by a non-expert.
• D) negotiation because no third parties are needed.

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Definitions:

Intellectual Growth Spurt

A period of rapid cognitive development, often occurring during childhood and adolescence, characterized by significant advancements in reasoning, problem-solving, and understanding.

Creative Thinking

The intellectual ability to think of new and unusual ideas, recognize patterns, and use imagination to solve problems.

Novel Solutions

Creative and original methods or approaches devised to solve problems or address new situations.

Calculating IQ

The process of assessing an individual's intelligence quotient, typically through standardized tests measuring various cognitive abilities.