The Main Difference Between Mediation and Arbitration Is That in Mediation

question 6

Multiple Choice

The main difference between mediation and arbitration is that in mediation:

• A) Mediators appointed by government agencies.
• B) Third-party neutrals are utilized.
• C) There is no final and binding decision.
• D) The meetings where the parties present their issues to the neutral party are different.
• E) Arbitrators are appointed by the President.

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Definitions:

Sales Commission

A form of compensation awarded to sales employees based on the sales they generate.

Independent Salespeople

Individuals who sell a company's products or services without being employed by the company, often working on a commission basis.

Insurance Company

A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment, or hardship in exchange for premium payments.

Key Account Management

A strategic business approach focusing on building and maintaining strong relationships with a company's most important customers.