The type of arbitration which involves the selection of a neutral person or panel to hear the bargaining positions of the parties and make a final and binding decision on the inclusions of a negotiated agreement is called:
A) Face-saving arbitration
B) Interest arbitration.
C) Win-win arbitration.
D) Mediation.
E) Conciliation service arbitration.

Question

Quizplus · Accepted Answer

Interest arbitration involves a neutral third party making a binding decision on the terms of a negotiated agreement, typically used when parties cannot reach an agreement on their own.

The Type of Arbitration Which Involves the Selection of a Neutral