The First Step That Most Arbitrators Try to Resolve a Dispute

question 14

Multiple Choice

The first step that most arbitrators try to resolve a dispute between two parties is to attempt:

• A) coercion.
• B) informal settlement.
• C) fault finding or wrong doing.
• D) litigation.
• E) conciliation.

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Definitions:

Inventory

Items held for sale in the ordinary course of business, or supplies and raw materials that are used in production.

Partnership

A business structure where two or more individuals share ownership, profits, and liabilities.

Bonus

A financial reward given to employees or stakeholders beyond their normal compensation, often tied to performance or specific achievements.

Capital Balances

The amounts of money that partners or owners have invested in a business, as recorded in the accounts.