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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.
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