3 advantages to a business to engage in alternate dispute resolution, such as mediation or arbitration, to settle a dispute,

Write a complete answer to the following question. Include full credible reference source citations in support of your answer. Failure to cite credible sources will result in loss of points.

QUESTION:

Explain at least 3 advantages to a business to engage in alternate dispute resolution, such as mediation or arbitration, to settle a dispute, instead of litigation in trial. Then, explain 2 key differences between mediation and arbitration.

Each element of question = 5 points

Failure to cite credible supporting references = loss of points.

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