Question

At times during problem solving it might be necessary to use a third party to help come to a decision. Which of the following involves using a third party?

arbitration

mediation

both mediation and arbitration

compromise

(both mediation and arbitration)

Answer 1

both mediation and arbitration

Step-by-step explanation:

Mediation is a procedure in which the parties discuss their disputes with the assistance of a trained impartial third person(s) who assists them in reaching a settlement.

Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.