The dispute regarding payment of wages between the West Coastal Company and its union was referred to a neutral arbitrator. The arbitration created a new agreement stating the terms and conditions of payment of wages. This is an example of a(n)_____ arbitration.

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Interest arbitration is used to resolve disputes regarding the terms and conditions of employment, such as wages, when the parties cannot reach an agreement themselves. This type of arbitration creates a new agreement, as in the scenario described.

The Dispute Regarding Payment of Wages Between the West Coastal