There Are Many Characteristics Associated with the Use of the Court

question 133

Multiple Choice

There are many characteristics associated with the use of the court process that may be considered advantages and disadvantages when compared to alternate dispute resolution. Which of the following is a favourable characteristic one would associate with the litigation process?

• A) Confidentiality is protected.
• B) A speedier method of obtaining resolution of a dispute
• C) Enforcement of the decision is more likely.
• D) A method of dispute resolution where both parties are more likely to be satisfied with the outcome
• E) A less costly method of obtaining a resolution to a dispute

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Definitions:

Demand

Demand is an economic principle referring to a consumer's desire and willingness to pay a price for a specific good or service.

Supply

The total amount of a specific good or service that is available to consumers, often influenced by the price as well as other factors.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.

Milk

A nutritious white liquid food produced by the mammary glands of mammals, used as a primary source of nourishment for young mammals before they are able to digest other types of food.