Dispute Resolution MechanismsSelect the correct statement regarding Alternative Dispute Resolution mechanisms from the ones given below.A negotiation cannot be completed without the involvement of a neutral third party.The results of mediation are binding on the parties, but the results of arbitration are not.Mediators can direct the parties to take a certain decision.In conciliation, the final decision is that of the disputed parties.

The correct statement regarding Alternative Dispute Resolution mechanisms is: "In conciliation, the final decision is that of the disputed parties."

Here's why:

1. A negotiation can be completed without the involvement of a neutral third party. This is often done directly between the parties involved in the dispute.

2. The results of mediation are not binding on the parties, but the results of arbitration are. Mediation is a process where a neutral third party helps the disputing parties to reach a mutually acceptable solution, but they are not bound to accept it. On the other hand, arbitration is a process where a neutral third party makes a decision after hearing both parties, and this decision is binding.

3. Mediators cannot direct the parties to take a certain decision. Their role is to facilitate communication and help the parties find a solution, not to impose one.

4. In conciliation, the final decision is that of the disputed parties. This is true. The conciliator helps the parties to find a solution to their dispute, but the final decision is made by the parties themselves.