Arbitration describes which process?

Arbitration describes which process?

• A. A process of training and development
• B. A process of voting by stakeholders
• C. A process in which a neutral third party listens and reviews facts and makes a decision to settle a conflict
• D. A process of collective bargaining

Answer: (C)

Arbitration is a dispute-resolution method where a neutral third party listens to the facts, reviews the evidence, and then makes a decision to settle the conflict. That decision is usually binding and enforceable, providing a formal resolution without going to court. This differs from training and development, which aims to improve skills; from voting by stakeholders, which is a democratic decision-making process without a formal ruling; and from collective bargaining, which involves negotiation over terms of employment rather than a third-party ruling.

Arbitration is a dispute-resolution method where a neutral third party listens to the facts, reviews the evidence, and then makes a decision to settle the conflict. That decision is usually binding and enforceable, providing a formal resolution without going to court. This differs from training and development, which aims to improve skills; from voting by stakeholders, which is a democratic decision-making process without a formal ruling; and from collective bargaining, which involves negotiation over terms of employment rather than a third-party ruling.