The Term Alternative Dispute Resolution Refers to

question 52

Multiple Choice

The term alternative dispute resolution refers to

• A) parole and probation.
• B) mediation and arbitration.
• C) audit and comptroller.
• D) reverse and reform.

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Definitions:

Total Utility

The overall satisfaction a consumer receives from consuming a particular quantity of goods or services.

Marginal Utility

The additional satisfaction or benefit a consumer gains from consuming one more unit of a good or service.

Purchases Shift

A change in the buying behavior of consumers, often referring to a movement in demand for goods or services in the market.

Utility Change

refers to changes in the level of satisfaction or happiness that a consumer derives from consuming goods or services, indicating shifts in preferences or economic circumstances.