Which of the following observations concerning arbitration is correct?
A) It is a quasi-judicial process.
B) It is solely a labor relations process.
C) Within labor relations it deals only with grievances.
D) The presence of a neutral third party is considered irrelevant in arbitration procedures.

Question

Quizplus · Accepted Answer

Arbitration is a quasi-judicial process that involves the use of neutral third party to make a binding decision on a dispute between two or more parties. It is not solely a labor relations process and not limited to grievances within labor relations. The presence of a neutral third party is essential for arbitration procedures as it ensures impartiality and fairness in the decision-making process.

Which of the Following Observations Concerning Arbitration Is Correct