Alternative Dispute Resolution Is a Method of Resolving Disputes That

question 73

Multiple Choice

Alternative dispute resolution is a method of resolving disputes that

• A)involves extensive legislation.
• B)does not rely on the legal system.
• C)excludes outside parties.
• D)does not involve binding arbitration.
• E)involves only the appealing party.

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Definitions:

Supplying Commitment

An agreement or pledge by a supplier to provide a specified quantity of product to a purchaser at a predetermined time and price.

Financial Advantage

The benefit gained in financial terms from an action or investment, often measured in terms of profits, savings, or enhanced value.

Making Part

The process involved in the creation or manufacturing of components that will be used in the assembly of a final product.

Purchasing Part

A component required in the production process or maintenance of equipment, acquired through the procurement process.