In Med-Arb, Third Parties Enter the Dispute to Act as a Mediator

question 40

True/False

In med-arb, third parties enter the dispute to act as a mediator but if issues cannot be resolved then the third party becomes an interest arbitrator and chooses terms of the collective agreement.

---

Definitions:

Five-Figure Accuracy

Describes precision to five significant digits in numerical representation, ensuring a high degree of accuracy in calculations or measurements.

Accurate

Precisely correct, exact, or without error.

Cent

A monetary unit that is equal to one hundredth of the basic unit of currency in many countries, including the United States.

Accurate

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.