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What is the difference between arbitration and litigation? What steps in the litigation process are missing in arbitration?

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Please I need this by Friday 6/17/2016 at 10:00am please have the following writer to complete this assignment 1476502.
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Name of Book: The Legal Environment of Busines7th Edition
by Kubasek, Brennan, and Browne

In each week, the learning assignment is designed to demonstrate your competence with the Terminal Course Objectives of the course. Prior to working on the assignment, you should read the weeks chapters and lecture.
Clearly identify your work with your name, the date, the week number, and the assignment name, and upload your work to the Dropbox.
The questions are designed to probe the higher levels of thinking and learning such as analyzing, evaluating, and creating, and so there often are no correct answers. Instead of focusing and who wins or loses the case, you should analyze, evaluate, and create alternative solutions to the various issues presented while arguing and debating the connections between business, law, politics, and ethics.
Terminal Course Objectives: A and G
Video Case Study: Judicial, Alternative, and E-Dispute Resolution – Arbitrators Favoring Creditors
http://media.pearsoncmg.com/ph/streaming/bp/2013/business_law/BLaw2013_Jud_Alt.html
Watch the video case study and then write a one page reflective paper (double-spaced) on the following questions while discussing the connections between business, law, politics, and ethics.
One: What is the difference between arbitration and litigation? What steps in the litigation process are missing in arbitration?
Two: If the parties to arbitration instead went to court, discuss the steps that the parties would have to take in order to go to trial.
Three: The story talked about repeat players- companies that end up in arbitration repeatedly over time. Because arbitrators are selected by a negotiation between the two parties in the arbitration, this story indicates they are more likely to find for these repeat players. Discuss the ethics of this conflict of interest and what might be done to overcome the problem.

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