Question 1

Form U-4 is used in the following industries:

Accepted Answer

A)   banking
B)   insurance
C)   securities
D)   all
E)   NOTA C

Question 2

A fee splitting agreement is binding even if it creates a financial burden for the employee.

Accepted Answer

A) True 
 B)False  False

Question 3

An employer can mandate arbitration as a condition to employment.

Accepted Answer

A) True 
 B)False  True

Question 4

Circuit City v. Adams was decided by:

Accepted Answer

A)   U.S. Supreme Court
B)   U.S. Circuit Court
C)   U.S. District Court
D)   NY Court of Appeals
E)   Cal Supreme Court

Question 5

Form U-4 requires ________.

Accepted Answer

A)   voluntary arbitration
B)   mandatory arbitration
C)   mediator
D)   jury trial
E)   NOTA

Question 6

The ________ is an organization that provides a list of qualified arbitrators.

Accepted Answer

The answer of The ________ is an organization that provides...

Question 7

The EEOC is not bound by a mandatory arbitration agreement.

Accepted Answer

A) True 
 B)False

Question 8

An arbitrator's ________ may be enforced in a court of law if it is authorized by a binding agreement.

Accepted Answer

The answer of An arbitrator's ________ may be enforced in...

Question 9

Arbitration is an expeditious alternative to a lawsuit.

Accepted Answer

A) True 
 B)False

Question 10

The case which sanctioned mandatory arbitration of statutory rights was EEOC v. Waffle House.

Accepted Answer

A) True 
 B)False

Question 11

________ is considered to be an expeditious and inexpensive alternative to a lawsuit.

Accepted Answer

The answer of ________ is considered to be an expeditious...

Question 12

The ________ legitimized voluntary arbitration agreements.

Accepted Answer

The answer of The ________ legitimized voluntary arbitration agreements....

Question 13

The Act which first legitimized the use of voluntary arbitration agreements was ________.

Accepted Answer

A)   AAA
B)   FAA
C)   CBA
D)   VAA
E)   NOTA

Question 14

The ________ decided the EEOC v. Waffle House case.

Accepted Answer

The answer of The ________ decided the EEOC v. Waffle...

Question 15

Arbitration may be ________.

Accepted Answer

A)   expeditious
B)   mandatory
C)   inexpensive
D)   A&C
E)   all

Question 16

Employers favor arbitration because juries are removed from the decision-making process.

Accepted Answer

A) True 
 B)False

Exam 6: Alternative Dispute Resolution

Form U-4 is used in the following industries: