Multiple Choice Questions: 1. Which of the following is not an advantage of ADR over litigation? a.

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Multiple Choice Questions:
1. Which of the following is not an advantage of ADR over litigation?
a. ADR is private whereas litigation is public.
b. ADR tends to preserve relationships whereas litigation tends to destroy them.
c. ADR sets helpful precedents to avoid future problems.
d. All of these are advantages of ADR over litigation.

2. Which of the following is not a characteristic of administered arbitration?
a. The administrator supplies the arbitration rules.
b. The administrator helps to select the arbitrators.
c. The administrator is a third-party organization.
d. All of these are characteristics of administered arbitration.

3. Which of the following usually applies to court-annexed arbitration programs?
a. Mandatory but not binding.
b. Both mandatory and binding.
c. Binding but not mandatory.
d. Neither mandatory nor binding.

4. Which of these generally is true of decisions of arbitrators?
a. Legally binding and enforceable in court.
b. Occasionally binding and enforceable in court.
c. Legally binding but not generally enforceable in court.
d. Binding in cases of med-arb.

5. Arbitrator decisions in one country may be enforceable in other countries when which of the following applies to them?
a. Have signed the New York Agreement.
b. Are members of the Hague Tribunal.
c. Subscribe to the International Fair Arbitration Treaty.
d. None of these.

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Forensic Accounting and Fraud Examination

ISBN: 978-0078136665

2nd edition

Authors: William Hopwood, george young, Jay Leiner

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