Which of the Following Is a Formal Dispute Resolution Method

question 81

Multiple Choice

Which of the following is a formal dispute resolution method that operates using the court system,typically with a lawyer representing each party?

• A) Litigation
• B) Arbitration
• C) Mediation
• D) Possession

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Definitions:

Principal Goes Bankrupt

When a principal goes bankrupt, it refers to a situation where the main party in a financial or business agreement is unable to repay debts and legally declares bankruptcy.

Discharge

The act of formally releasing someone from their duties, often used in the context of employment termination.

Dismissal

The act of officially removing someone from their job, often due to inadequate performance, misconduct, or redundancy.

Organizational Policies

Guidelines and rules established by an organization to govern its operations and employee behavior.