What Is the Primary Difference Between Mediation and Arbitration

question 45

Multiple Choice

What is the primary difference between mediation and arbitration?

• A) Arbitration is generally more time consuming than mediation
• B) Arbitrators only consult with both sides, whereas mediators issue a binding decision
• C) Mediation typically involves at least four parties
• D) Mediators only consult with both sides, whereas arbitrators issue a binding decision

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Definitions:

Altruistic Motives

Actions driven by the desire to help others without expecting personal gain.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Media Products

Media products are the various forms of content created for consumption, entertainment, or information, including movies, music, newspapers, and digital content.

Time Compression

The acceleration of societal processes such that events happen faster and are experienced in shorter time frames.