Which of the Following Is NOT an Advantage of Alternative

question 17

Multiple Choice

Which of the following is NOT an advantage of alternative dispute resolution?

• A) ADR becomes case-law precedence to prevent future litigation.
• B) ADR is private but litigation is public.
• C) ADR permits the choice of decision maker.
• D) ADR mediation tends to preserve relationships but litigation tends to destroy them.

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Definitions:

Break-even Formula

A calculation to determine when a business or product will be able to cover its costs and begin to make a profit.

Fixed Costs

Business expenses that remain constant regardless of the volume of goods or services produced, such as rent, salaries, and insurance.

Unit Variable Costs

The cost associated with producing one additional unit of a product or service.

Price Equation

A formula representing the determinants of the price of a good or service, including production costs, competition, demand, and supply.