Products That Have Little to No Potential to Create Value

question 53

Multiple Choice

Products that have little to no potential to create value of any type are also known as _____ products.

• A) pleasing
• B) salutary
• C) desirable
• D) deficient
• E) liable

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Definitions:

Neutral

A person or entity without bias toward a specific outcome, often involved in mediating disputes or ensuring fair processes.

Fact-finding

A process of gathering and analyzing facts related to a specific issue or dispute, often used in arbitration, mediation, or policy-making to inform decisions and resolutions.

Nonbinding Recommendations

Advisories issued by an authority or organization that lack the power of enforceable law but aim to guide behavior or action.

Med-arb

A combination of mediation and arbitration, in which a dispute is first attempted to be resolved through mediation, and if unsuccessful, the same or a different neutral party conducts an arbitration.