Examlex
Which one of the following statements is the MOST accurate?
Stages
Refers to the various phases or steps involved in a process or development.
Conventional Arbitration
A dispute resolution technique where an impartial third party listens to both sides and makes a binding decision, commonly used in labor disputes.
Final Offer Arbitration
A conflict resolution process where each party to a dispute makes a final offer, and an arbitrator chooses one of these offers as the resolution, without modification.
Compulsory Dispute Resolution
A legal requirement for conflicting parties to undergo a dispute resolution process, such as mediation or arbitration, before proceeding to litigation.
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