Online Dispute Resolution Services for Electronic Transactions Are Less Expensive

question 94

True/False

Online dispute resolution services for electronic transactions are less expensive and less time consuming than traditional court processes.

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Definitions:

Bottleneck

A point of congestion in a production system that occurs when workloads arrive too quickly for the production process to handle, often leading to delays and lower production efficiency.

Decorated Cakes

These are cakes that have been aesthetically designed and adorned with icing, frosting, and other edible decorative elements.

Total Cost Concept

The total cost concept is an approach in economics and accounting that considers all costs related to the production and delivery of a product or service, including fixed, variable, and indirect costs.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.