Arbitration Is a Private Solution That Is

question 7

Multiple Choice

Arbitration is a private solution that is

• A) often preferred by foreign litigants because it is perceived as fairer, faster, cheaper, and more confidential than are the courts.
• B) favored by international unions.
• C) recommended by the UN for international companies facing litigation in developing countries.
• D) discouraged by the U.S. Bar Association.

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Definitions:

Kilowatt-hour

A unit of energy measurement equivalent to one kilowatt of power expended for one hour of time, commonly used for billing electricity usage.

Straight-line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts, representing the asset’s decrease in value over time.

Factory Equipment

Fixed assets used in manufacturing processes, such as machinery and tools, necessary for producing goods.

Variable Cost

Outlays that are tied to the level of output or sales, including expenditures on materials and labor.