Mediators Are Similar to Arbitrators in That

question 5

Multiple Choice

Mediators are similar to arbitrators in that:

• A) they can impose binding decisions on the parties.
• B) they must be qualified and trained to practice.
• C) their decisions can be imposed in a court of law.
• D) they operate in cases of federal rather than local importance.
• E) they must be disinterested third parties.

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Definitions:

Service Revenue

Service revenue is the income a company generates from providing services, as opposed to selling physical goods.

Asset Increase

A rise in the total value of a company's assets, which can result from additional investments, improved asset values, or acquisition of new assets.

Creditor

An individual or institution to which money is owed.

Expense

A financial outlay that is incurred through business operations or activities.