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.
Correct Answer:
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