Which of the following is true about the legal procedures preferred by businesses?

Question

Quizplus · Accepted Answer

Arbitration is often preferred by businesses because it results in much quicker decisions than litigation. It also allows for privacy and avoids the publicity that comes with litigation. Conciliation may be avoided by businesses for various reasons such as a lack of faith in the process or fear of discrimination, but it is not the preferred legal procedure. Option B is incorrect as it states that arbitration is not preferred due to extensive delays and high costs, which is not accurate as arbitration is known for being a more cost-effective and efficient way to resolve disputes.

Which of the Following Is True About the Legal Procedures