BUSA 2106 TEST 2 QUESTIONS WITH VERIFIED
ANSWERS
Which of the following statements is true of a dispute? - Answers - occurs when one
party makes a claim that the other denies
What % of cases are settled prior to the end of the litigation process? - Answers - 95%
ADRS stands for ____ ____ Resolution System - Answers - Alternate Dispute
Which of the following forms of ADRS is the least expensive in terms of time and
money? - Answers - negotiated settlement
Getting a group of people together to hear the case and provide feedback to both sides
is called? - Answers - focus group/mock trial
Which of the following is NOT a reason you would want to settle instead of litigate? -
Answers - unsympathetic jury
A traditional negotiation between the seller and the buyer in which there is a winner and
a loser is called? - Answers - positional negotiation
If someone does not have the power to "do the deal" in a negotiation/bargaining then
they are said to lack? - Answers - legitimacy
Arbitration is popular for all the following reasons, except? - Answers - it provides the
lowest cost of ADRS
Taking a dispute to arbitration is called? - Answers - submission
You signed a contract which contains an arbitration clause. What type of arbitration
would this be considered? - Answers - voluntary arbitration
What is the major difference between voluntary and mandatory arbitration? - Answers -
mandatory arbitration is subject to judicial review
The goal of mediation is? - Answers - a written agreement
Which of the following forms of ADRS turns to dispute into a business problem? -
Answers - arbitration
____ separation of power focuses focuses on Federal, State, and Local. - Answers -
vertical
ANSWERS
Which of the following statements is true of a dispute? - Answers - occurs when one
party makes a claim that the other denies
What % of cases are settled prior to the end of the litigation process? - Answers - 95%
ADRS stands for ____ ____ Resolution System - Answers - Alternate Dispute
Which of the following forms of ADRS is the least expensive in terms of time and
money? - Answers - negotiated settlement
Getting a group of people together to hear the case and provide feedback to both sides
is called? - Answers - focus group/mock trial
Which of the following is NOT a reason you would want to settle instead of litigate? -
Answers - unsympathetic jury
A traditional negotiation between the seller and the buyer in which there is a winner and
a loser is called? - Answers - positional negotiation
If someone does not have the power to "do the deal" in a negotiation/bargaining then
they are said to lack? - Answers - legitimacy
Arbitration is popular for all the following reasons, except? - Answers - it provides the
lowest cost of ADRS
Taking a dispute to arbitration is called? - Answers - submission
You signed a contract which contains an arbitration clause. What type of arbitration
would this be considered? - Answers - voluntary arbitration
What is the major difference between voluntary and mandatory arbitration? - Answers -
mandatory arbitration is subject to judicial review
The goal of mediation is? - Answers - a written agreement
Which of the following forms of ADRS turns to dispute into a business problem? -
Answers - arbitration
____ separation of power focuses focuses on Federal, State, and Local. - Answers -
vertical
