Question: The key difference between mediation and arbitration is that: arbitration does not include a neutral third - party, but mediation does. mediation does not include

The key difference between mediation and arbitration is that:
arbitration does not include a neutral third-party, but mediation does.
mediation does not include a neutral third-party, but arbitration does.
arbitration is always resolved quickly, while mediation always takes a long time.
in mediation, the parties decide what the final result is; while in arbitration, the arbitrator decides what the final result is.
The key difference between mediation and arbitration is that: arbitration does

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

The key difference between mediation and arbitration is that: arbitration does not include a neutral third - party, but mediation does. mediation does not include a neutral third - party, but...

Q:

15 (1 point) Two parties are in a dispute, and they want a resolution outside of the court system. They are considering their options for alternative dispute resolution (ADR). What is the key...

Q:

15 (1 point) Two parties are in a dispute, and they want a resolution outside of the court system. They are considering their options for alternative dispute resolution (ADR). What is the key...

Q:

Two parties are in a dispute, and they want a resolution outside of the court system. They are considering their options for alternative dispute resolution ( ADR ) . What is the key difference...

Q:

CHAPTER 3 The Changing Environment of Management: Diversity, Global Economy, and Technology 1. T F Company loyalty is said to rank low on generation Y's list of what is important in life. Ans: True...

Q:

AL's heading A to E Spacing As you may be aware, change is the modification of a company's structure, technology, or people composition. When things change, role conflicts are a common source of...

Q:

AL's heading A to E Spacing As you may be aware, change is the modification of a company's structure, technology, or people composition. When things change, role conflicts are a common source of...

Q:

AL's heading A to E Spacing As you may be aware, change is the modification of a company's structure, technology, or people composition. When things change, role conflicts are a common source of...

Q:

AL's heading A to E Spacing As you may be aware, change is the modification of a company's structure, technology, or people composition. When things change, role conflicts are a common source of...

Q:

Stan Garner resides in Illinois and promotes boxing matches for SuperSports, Inc., an Illinois corporation. Garner created the concept of Ages promotiona three-fight series of boxing matches pitting...

Q:

Interest is compounded quarterly, and single payment cash flows (that is, F and P) are separated by 5 years. What must the compounding period be on the interest rate, if the value of n in the P/F or...

Q:

In Figure, we assumed that when Maxs income rose, his marginal utility values for any given number of movies or concerts remained the same. But now suppose that when Maxs income rises, having the...

Q:

Prepaid rent for 1 2 months starting in july was recorded as an asset. By December the rent expense for 6 months should be recognised, which will result in 1 . An increase in revenue and decrease in...

Q:

Macrosoft Corporation has an asset beta of 1.65, a tax rate of 40%, and can typically borrow at 6%. The riskless rate is 1.5% and the expected return on the S&P 500 is 12.9%. Macrosoft is considering...