In a(n) ________, both parties are legally required to accept the judgment of a neutral third party.
A) collective bargaining
B) adjudication
C) voluntary arbitration
D) compulsory arbitration
E) mediation

Question

Quizplus · Accepted Answer

Compulsory arbitration is a process in which both parties are legally required to accept the decision of a neutral third party. In contrast, in voluntary arbitration, both parties agree to submit their dispute to a neutral third party, but they are not legally bound to accept the decision. Adjudication refers to a legal process in which a judge or other legal authority makes a decision on a dispute. Collective bargaining is a process in which representatives of a union and an employer negotiate a collective agreement on behalf of their respective members. Mediation is a process in which a neutral third party facilitates communication and negotiation between two parties in an attempt to reach a mutually acceptable resolution to a dispute.

In A(n) ________, Both Parties Are Legally Required to Accept