Which of the Following Is an Advantage of ADR Over

question 47

Multiple Choice

Which of the following is an advantage of ADR over traditional litigation as set forth in the text?

• A)It is usually faster but not cheaper.
• B)Because many forms of ADR are more adversarial than litigation,the parties are rarely able to preserve a business relationship.
• C)ADR is not flexible and cannot be restructured to meet the parties' needs.
• D)A business may wish to avoid setting a precedent through a court decision.

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Definitions:

Notes Collected

Receipts from the collection of promissory notes, representing cash inflows from financial claims against others.

Balance Per Books

The amount of money shown in the company's financial records, not necessarily reflecting cash available or actual account balances due to outstanding transactions.

Error By The Company

A mistake made in the recording, classification, or processing of financial or operational information by the company.

NSF Check

A cheque that cannot be processed because the drawer's account does not have sufficient funds.