Which of the following does not apply to arbitration?   1. Neutral third party provides the parties with a decision on who prevails in the dispute 2. Takes place in a hearing which is similar to a court setting but less formal. 3. Neutral third party assists the parties in coming to a resolution of their dispute 4. Form of ADR

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
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Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Which of the following does not apply to arbitration?

 

1. Neutral third party provides the parties with a decision on who prevails in the dispute
2. Takes place in a hearing which is similar to a court setting but less formal.
3. Neutral third party assists the parties in coming to a resolution of their dispute
4. Form of ADR
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