Which form of arbitration means that both parties are committed to accepting the arbitrator's decision?
A) interest arbitration
B) binding arbitration
C) nonbinding arbitration
D) compulsory arbitration

Question

Quizplus · Accepted Answer

Binding arbitration means that both parties are committed to accepting the arbitrator's decision. In nonbinding arbitration, either party can reject the decision and proceed to court. Compulsory arbitration is a type of binding arbitration that is mandatory for certain disputes, such as in some labor contracts. Interest arbitration is a type of arbitration used to resolve disputes over the terms of a collective bargaining agreement between an employer and a union.

Which Form of Arbitration Means That Both Parties Are Committed