Which of the Following Is True of Litigation and ADR

question 31

Multiple Choice

Which of the following is true of litigation and ADR?

• A) Litigation is less adversarial than ADR procedures.
• B) Litigation is generally more expensive than ADR procedures.
• C) ADR procedures are generally more time-consuming than litigation.
• D) The use of ADR procedures makes litigation unnecessary.

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Definitions:

Process Costing

A method of costing used in manufacturing where the cost of products is determined by averaging over units produced, typically used in industries where the production is continuous.

Factory Wages

Compensation paid to workers who are directly involved in the production process in a manufacturing setting.

Indirect Labor

Labor costs associated with support operations, not directly involved in the production of goods or services, such as maintenance and cleaning staff.

Process Costing System

A process costing system is an accounting method used where identical or similar products are mass-produced, and costs are assigned to individual units of output based on the average cost.