Explain the differences between mediation and arbitration. When are these methods of dispute resolution most likely to be used?
What will be an ideal response?
In mediation an independent third party comes into a situation in which management and labor are deadlocked over certain issues. The mediator will try to persuade both sides to move and resolve the conflict, but has no power to make a binding decision on the parties. Mediation is most likely to be used when there is a negotiation deadlock, and as an alternative to a strike or a lockout. Arbitration is binding. As such, neither labor nor management is likely to agree to use it to resolve negotiation deadlocks—as that would eliminate such options as strikes or lockouts. Arbitration is most likely to be used as a last step in resolving grievances.
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A) Receiving B) Decoding C) Remembering D) Evaluating E) Responding
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a. Criminal courts. b. U.S. claims courts. c. U.S. bankruptcy courts. d. U.S. district courts.
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What is the added risk associated with a pool of loans backed by balloon loans?
Briefly describe three different levels in an organization and the different categories of information systems that support them
What will be an ideal response?