In what way is mediation different from arbitration and litigation?

Question 8 options:

Mediation is free and does not require the assistance of a lawyer.

Mediation is time-consuming and tends to be ineffective.

Mediation results in an informal, non-binding decision.

Mediation involves the use of a neutral party to assist with resolution of the dispute.

Question 9(1 point)

What is the role of business ethics?

Question 9 options:

to provide a comprehensive plan for dealing with legal risk.

to impose legal responsibility for an event or loss that has occurred.

to establish principles and values for determining right and wrong in the business world.

to resolve disputes between conflicting parties.