The Difference Between Mediation and Arbitration Is

question 166

Multiple Choice

The difference between mediation and arbitration is

• A) in arbitration the problem may not be resolved, and mediation is the final step in which the involved parties must come to a resolution.
• B) arbitration uses a neutral third party in the negotiations.
• C) in mediation the president of the United States has the authority to step in, but not so in arbitration.
• D) mediation uses a neutral third party in the negotiations.
• E) mediation is a formal hearing, whereas arbitration is an informal discussion of the problem.

---

Definitions:

Valve Division

A segment within a company that specializes in the production and sale of valves.

Net Operating Income

A company's income after operating expenses have been deducted but before income taxes and interest are subtracted.

Wheel Sets

Components consisting of a wheel and axle assembly used in various applications, notably in vehicles and machinery.

Variable Production Cost

Costs that vary in direct proportion to the level of production or volume of output.