Cross 9e TBB Ch03 Essay

2536 Words May 27th, 2015 11 Pages
Chapter 3

Alternative and Online
Dispute Resolution

N.B.: TYPE indicates that a question is new, modified, or unchanged, as follows.

N A question new to this edition of the Test Bank.
+ A question modified from the previous edition of the Test Bank.
= A question included in the previous edition of the Test Bank.

TRUE/FALSE QUESTIONS

1. Few civil lawsuits are settled before trial.

answer: F PAGES: Introduction TYPE: + BUSPROG: Reflective AICPA: BB-Risk Analysis

2. Litigation is the process of resolving a dispute through the court system.

answer: T PAGES: Section 1 TYPE: N BUSPROG: Reflective AICPA: BB-Risk Analysis

3. In mediation, the mediator proposes a solution and makes a decision resolving the dispute.
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Before going to trial, the parties meet, with their attorneys to represent them, to try to resolve their dis­pute without the involvement of a third party. This is

a. arbitration. b. mediation. c. negotiation. d. not a legitimate form of dispute resolution.

answer: C PAGES: Section 1 TYPE: = BUSPROG: Reflective AICPA: BB-Legal

3. Lorena files a suit against Milton. Before going to trial, the parties, with their attorneys, meet to try to resolve their dispute. A third party sug­gests or proposes a resolution, which the parties may or may not decide to adopt. This is

a. arbitration. b. mediation. c. negotiation. d. not a legitimate form of dispute resolution.

answer: B PAGES: Section 1 TYPE: = BUSPROG: Reflective AICPA: BB-Critical Thinking

4. Bean House Coffees and Java Distributors, Inc., have a long-standing business relationship that they would like to continue. For this reason, they may prefer to set­tle any dispute between them through facilitation because

a. the case will be heard by a mini-jury. b. the dispute will eventually go to trial. c. the process is not adversarial. d. the resolution of the dispute will be decided an expert.

answer: C PAGES: Section 1 TYPE: N BUSPROG: Reflective AICPA: BB-Critical Thinking

5. The least expensive method of resolving a dis­pute between Ronald and Sharon may be

a. arbitration because the case will be heard by a mini-jury. b. litigation because each party will pay its own legal fees.

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