A Method of Alternative Dispute Resolution in Which a Neutral

question 64

Multiple Choice

A method of alternative dispute resolution in which a neutral third party helps the parties reach a cooperative resolution of their dispute by facilitating communication between them,clarifying their areas of agreement and disagreement,helping see each other's viewpoints,and suggesting settlement options,but who cannot make decisions that bind the parties,is called:

• A)conciliation.
• B)mediation.
• C)minitrial.
• D)arbitration.

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Definitions:

Source Documents

Source documents are original records that contain the details to support business transactions, such as receipts and invoices.

Adjustments Columns

In accounting, columns in ledgers or worksheets where adjustments are recorded before preparing the final financial statements.

General Ledger

A comprehensive set of accounts that records all transactions of a business, leading to the preparation of financial statements.

Worksheet

A paper or digital document used to organize and simplify the preparation of financial statements or for planning purposes in accounting.