Question : Arbitration as a conflict resolution strategy involves:
Option 1: The conflicting parties reaching a solution together
Option 2: Avoiding the conflict altogether
Option 3: A third party making a binding decision
Option 4: Informal discussions to resolve the conflict
Answer (1)
20th Jan, 2024
Correct Answer: A third party making a binding decision
Solution : Arbitration is a conflict resolution strategy that involves a third party making a binding decision to resolve the conflict. It is often used when negotiation or mediation has failed, and the parties agree to accept the arbitrator's decision.
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