Mediation and Arbitration Are Conducted Where and How Are They

question 29

Multiple Choice

Mediation and arbitration are conducted where and how are they disclosed?

• A) In a U.S. District Court and do not enter into the public record.
• B) In private and do not enter into the public record.
• C) In a State Supreme Court and are entered into the public record.
• D) In private and enter into the public record if there is an admission of guilt by the fraudster.

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Definitions:

Salvage Value

The estimated residual value of an asset at the end of its useful life, usually considered for depreciation calculations.

Depreciation Method

A systematic approach used to allocate the cost of a tangible asset over its useful life.

Sales Price

The amount of money charged for a product or service, or the sum that customers are willing to pay for it.

Straight-line Method

A depreciation technique that allocates an equal amount of depreciation expense each year over the useful life of an asset.