Which of These Refers to a Dispute Resolution Process Held

question 55

Multiple Choice

Which of these refers to a dispute resolution process held instead of court cases in which both sides present their case to a legal professional?

• A)Litigation
• B)Arbitration
• C)Mediation
• D)Piercing the veil

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Definitions:

FASB

The Financial Accounting Standards Board, the independent organization responsible for establishing accounting and financial reporting standards in the United States.

Accounting Standards

Accounting Standards are formal guidelines and rules for financial accounting practices that ensure consistency, reliability, and comparability of financial reporting.

SEC

The Securities and Exchange Commission, a U.S. government agency responsible for enforcing federal securities laws and regulating the securities industry.

Generally Accepted Accounting Principles

A collection of commonly followed accounting rules and standards for financial reporting in the United States.