A neutral third party evaluates the position of the unions and management and issues a ruling that both sides must accept in _____

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Binding arbitration is a process where a neutral third party evaluates the positions of both unions and management and issues a ruling that both sides must accept. The ruling is generally legally binding and is used as a final resolution to the dispute. Settlement negotiation and settlement bargaining both involve the parties coming to a mutually agreed-upon resolution, while a union contract is an agreement that outlines the terms and conditions of employment for unionized workers. Collection arbitration refers to the process of enforcing an award issued by an arbitrator.

A Neutral Third Party Evaluates the Position of the Unions