One of the means of alternative dispute resolution regarding a collective bargaining agreement dispute is arbitration. What is meant by arbitration? |
A) Direct, in-house negotiated settlement between company and union representatives. |
B) Agreement to abide by a binding decision rendered by a company and union agreed-upon impartial person. |
C) Settlement reached as the result of litigation as part of a judicial proceeding in court. |
D) Negotiated settlement between company and union representatives facilitated by a mediator. |