Which of the Following Statements Is True of Mediation

question 47

Multiple Choice

Which of the following statements is true of mediation?

• A) Mediation uses mediators who tend to be more experienced in the field than arbitrators; their decisions are less likely to be erroneous.
• B) The disputing parties do not have control over the mediation process, reducing preparation time.
• C) Mediation is typically more expensive than litigation and arbitration.
• D) The outcome of a mediation process is legally binding on the disputing parties and is enforceable.
• E) A trial judge can require the disputing parties to submit to the mediation process before a complaint can be litigated formally.

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Definitions:

Monthly Sales

The total revenue generated from the sale of goods or services by a company within a month.

Net Operating Income

The profit a company generates from its normal business operations, excluding extraordinary items and expenses like taxes and interest.

Break-even

The point at which total revenues equal total costs, resulting in no net profit or loss for a business.

Monthly Dollar Sales

The total revenue generated from sales in a particular month measured in dollars.