________ is a process in which the parties involved agree to submit an unresolved dispute to a neutral third party, whose decision is final and binding.
A) Mediation
B) Formalization
C) Arbitration
D) Polarization

Question

Quizplus · Accepted Answer

Arbitration is the process in which parties involved agree to submit an unresolved dispute to a neutral third party, whose decision is final and binding. Mediation is when parties involved come together with the help of a neutral third party to negotiate a resolution to a dispute. Formalization is the act of converting something from an informal to a formal status, such as creating policies or procedures. Polarization is a process in which a group becomes more divided and extreme in their views. Therefore, the correct answer is C, arbitration.

________ Is a Process in Which the Parties Involved Agree