One Possible Disadvantage of Mediation-Arbitration as a Method for Third

question 39

Multiple Choice

One possible disadvantage of mediation-arbitration as a method for third party dispute resolution is:

• A) The threat of arbitration makes successful mediation less likely to occur.
• B) The mediator-arbitrator develops too much knowledge of the parties' concerns in the mediation phase and can no longer remain neutral in the arbitration phase.
• C) The mediator-arbitrator can have too much power because of the threat of what they'll do in arbitration.
• D) The parties may withhold information during the mediation because they fear the mediator-arbitrator will use the information against them in the arbitration phase.

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Definitions:

Marginal Revenue

The financial gain a firm acquires from the sale of an extra unit of a product or service.

Surround Sound Systems

Audio systems designed to immerse the listener in a rich and directional sound experience by using multiple speakers placed around the environment.

Total Revenue

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a range of prices.