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Indicate the Advantages of Mediation and Arbitration Over Judicial Process

question 39

Essay

Indicate the advantages of mediation and arbitration over judicial process.
ESSAY. Write your answer in the space provided or on a separate sheet of paper.

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Definitions:

Corporate Profits

The earnings of companies after all expenses and taxes have been paid.

Tax Revenues

The income that is gained by governments through taxation—funding various public expenses.

Transfer Payments

Monetary payments made by governments that do not correspond to the provision of a good or service, such as social security payments or welfare benefits.

Federal Budget

The government's estimate of revenue and expenditure for a specific fiscal year, detailing how public funds will be allocated.

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