The Process of Bringing in an Impartial Third Party to Render

question 150

Multiple Choice

The process of bringing in an impartial third party to render a binding decision in a labor dispute is referred to as

• A) resolution.
• B) mediation.
• C) arbitration.
• D) confirmation.

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Definitions:

Smaller Number

A value or quantity that is less than another in a given set or range of numbers.

Fair 6-Sided Dice

Refers to an equally balanced die where each of the six faces, numbered from 1 to 6, has an equal probability of landing face up when thrown.

Record

A document or entity that preserves information or data for future reference.

Law of Averages

A layman's term often misused to suggest that a future event is likely to occur to balance out a statistical deviation, though not a formal statistical principle.