Which of the Following Is a Key Difference Between Mediation

question 32

Multiple Choice

Which of the following is a key difference between mediation and arbitration?

• A) Mediation involves a third party, whereas arbitration is performed without third parties.
• B) Arbitrators give suggestions, whereas mediators give directives.
• C) Mediation is compulsory, whereas arbitration is voluntary in nature.
• D) Arbitration provides a legally binding settlement, whereas mediation is not binding.
• E) Mediation has a win-lose orientation, whereas arbitration has a win-win orientation.

---

Definitions:

Merchandise Return

Merchandise Return is the process by which a customer returns previously purchased goods back to the seller, typically due to issues like defects or dissatisfaction.

Discount Period

The timeframe in which a buyer can take advantage of a discount for early payment on money owed.

Cost of Goods Purchased

The total expense incurred in buying goods for sale, including any additional costs necessary to get them into a saleable state.

Goods Purchased

Items bought by a business for the purpose of resale, production, or as part of its services.