Arbitration and Mediation Are Alike in That Both Involve an Impartial

question 245

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 and 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:

Highest IRR

The maximum internal rate of return, representing the most favorable potential annual return on an investment, adjusted for time value of money.

Internal Rate of Return

Internal Rate of Return (IRR) is a financial metric used to estimate the profitability of potential investments, representing the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

NPV

Net Present Value, a financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to assess the profitability of an investment.

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