21 TB MC Qu.05-86 Which of the following statements... Which of the following...

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Accounting

21
TB MC Qu.05-86 Which of the following statements...
Which of the following statements is true of mediation?
Multiple Choice
Mediators tend to be more experienced in their field than arbitrators and their decisions are less likely to be erroneous.
The disputing parties do not have control over the mediation process, reducing preparation time.
Mediation is typically more expensive than litigation and arbitration.
The outcome of a mediation process is legally binding on the disputing parties and is enforceable.
A trial judge can require the disputing parties to submit to the mediation process before a complaint can be litigated formally.
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