The statements Arbitration is required when one or more of the parties involved refuses to compromise. Mediation involves a third party who does not participate in the decision-making process. A compromise is a solution that both parties agree to give up part of their plan in order to reach a solution. The correct option is D.
What is arbitration?
Arbitration is an operation in which a disagreement is submitted to one or more arbitrators who make a signatory decision on the dispute by agreement of the parties.
Instead of going to court, the parties choose arbitration as a personal dispute resolution procedure.
While one or more of the representational refuses to compromise, arbitration is required.
Mediation encompasses a third party who doesn't take part in judgment call. A compromise is a solution in which both parties agree to give up a portion of their origin.
in short, one can say that
- Arbitration is required once a portion of the parties implicated refuses to compromise.
- A compromise is a mutually agreed-upon remedy in which both stakeholders are willing to give up part of their plan in order to reach a solution.
- Mediation encompasses a third party who doesn't participate in the decision-making process.
Thus, the correct option is D.
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