Question $20(5$ points$)$

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

Businesses who opt for conciliation fear discrimination in foreign countries and

therefore avoid it$.$

Arbitration often involves extensive delays and is very costly$,$ and hence is not

preferred by businesses.

Litigation results in much quicker decisions than arbitration, and hence is

preferred by businesses.

Arbitration results in much quicker decisions, and hence is more preferred by

businesses.