Arbitration and Mediation Are Alike in That Both Involve an Impartial

question 150

True/False

Arbitration and mediation are alike in that both involve an impartial third party to help in the negotiation process.The differences in these two approaches is that an arbitrator's decision is binding - both parties agree to this on the front end;a mediator encourages the two conflicting parties to continue to negotiate and may make suggestions in pursuit of a resolution.

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Definitions:

Net Income

The amount of money that remains after all operating expenses, taxes, and dividends have been paid, representing the company's profit.

Cost Method

An accounting method used to value inventory or assets, based on the price paid to acquire them.

Stock Investments

Financial assets representing shares of ownership in a corporation, which may provide dividends and capital gains to the investor.

Dividend Revenue

Income earned by shareholders when a company distributes a part of its earnings to its stockholders.