When a Mediator Is Asked to Assist in Dispute Resolution

question 36

Multiple Choice

When a mediator is asked to assist in dispute resolution, the outcome is determined by:

• A) the government
• B) the arbitrator
• C) the mediator
• D) the parties themselves

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Definitions:

Unearned Rent

Income received by a landlord for which the services (use of property) have not yet been provided.

Notes Payable

A financial obligation or loan documented by a written promissory note, specifying the terms of repayment.

Mortgage Payable

A long-term liability account that records the amount owed on a property mortgage.

Social Security Tax

Taxes collected to fund the Social Security program, providing benefits for retirees, the disabled, and children of deceased workers.