Which of the following statements regarding third party negotiations is correct?
A)Individuals who utilized mediation indicated in a survey that they would not be supportive of using the process again.
B)The mediator assists the parties in agreeing on mutually exclusive resolutions.
C)Arbitrators help prepare for a formal hearing.
D)Arbitration is an acceptable practice for many companies to resolve challenging problems.

Question

Quizplus · Accepted Answer

Arbitration is a widely accepted practice for resolving disputes because it is an expedited process, and the arbitrator's decision is binding. Many companies include arbitration clauses in their contracts, which means that any disputes related to that contract must be resolved through arbitration. Choice A is incorrect because the majority of individuals who have utilized mediation have reported being satisfied with the process and would use it again. Choice B is incorrect because the mediator's role is to facilitate communication and encourage the parties to come up with mutually agreeable solutions, rather than exclusive ones. Choice C is incorrect because arbitrators do not help prepare for a formal hearing, but instead conduct the formal hearing and make a binding decision.

Which of the Following Statements Regarding Third Party Negotiations Is