Loamite, Inc.and its union have not been successful in their contract negotiations. A neutral third party has been called in. This person is actively working with both sides to help them reach a settlement, but the person will not be imposing a solution on the parties. Loamite is involved in _______________.
A)arbitration
B)fact-finding
C)mediation
D)ratification

Question

Quizplus · Accepted Answer

The situation described is an example of mediation, where a neutral third party is called in to assist both sides in reaching a settlement but does not impose a solution on either side. Arbitration involves a neutral third party making a decision that is binding on both sides, while fact-finding involves a third party gathering information and presenting it to both sides as a basis for further negotiations. Ratification is a process by which a proposed agreement is accepted and made official by all relevant parties.