BUS 201 Chapter 4 Quiz (2015)

Jun 24th, 2016
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Question 1. Which of the following differentiates an arbitration proceeding from a trial? The absence of official written records of the hearing The use of legal counsel by the parties involved The outcome of the hearing is legally binding The presence of a neutral third party at the hearing 2. Red Resource Inc. and Coral Techno Inc. are in a dispute over a contract. They decide to use a form of alternative dispute resolution (ADR) to settle the dispute. Both the parties, along with their respective lawyers, meet to discuss the issue. However, there is no neutral third party involved. Which form of ADR is most likely being used here? Mediation Litigation Arbitration Negotiation 3. A submission agreement is a contract stating that: all disputes related to employment will be settled without appointing a neutral third party. a specific dispute will be resolved through arbitration. a dispute related to intellectual property infringement will be resolved through litigation. all

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BUS 201 Chapter 4 Quiz (2015)Question1. Which of the following differentiates an arbitration proceeding from a trial?The absence of official written records of the hearingThe use of legal counsel by the parties involvedThe outcome of the hearing is legally bindingThe presence of a neutral third party at the hearing2. Red Resource Inc. and Coral Techno Inc. are in a dispute over a contract. They decide to use aform of alternative dispute resolution (ADR) to settle the dispute. Both the parties, along withtheir respective lawyers, meet to discuss the issue. However, there is no neutral third partyinvolved. Which form of ADR is most likely being used here?MediationLitigationArbitrationNegotiation3. A submission agreement is a contract stating that:all disputes related to employment will be settled without appointing a neutral third party.a specific dispute will be resolved

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