Title: Understanding the Impact of Business Laws and Alternative Dispute Resolution on Consumers, Business Owners, and Employees/Managers

1) Read Chapter 1 https://openstax.org/books/business-law-i-essentials/pages/1-introduction
– Explain
how business laws affect (a) your life as a consumer, (b) as a business owner,
and (c) in business operations as an employee/manager.
2)  Read Chapter 2 https://openstax.org/books/business-law-i-essentials/pages/2-introduction
– Name and explain the steps in Mediation.
– Describe the typical steps in Arbitration.
– Explain the differences between binding and non-binding arbitration.
– According to the lesson and our textbook, what are the four
advantages of alternative dispute resolution (ADR) over traditional
litigation?
Instructions:
Use the materials in this course, not the
internet, and not artificial intelligence (AI) sources (see syllabus for
details on plagiarism). AI will not write how you do; the wording will
be vague, beyond the scope of this class/not at an intro level, and use
atypical words from a college student. Be warned. This is considered
cheating. 
Each essay question must be thorough and detailed. Vague and non-specific answers will not earn points. 
Do not copy the question directly into your assignment – this will negatively affect your Turnitin (TIN) percentage.