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Question
A third party to a negotiation who has the authority to dictate an agreement is called ___________.
A third party to a negotiation who has the authority to dictate an agreement is called ___________.
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Solution
The correct option is B arbitrator
An arbitrator reviews testimony and evidence presented by the disputed parties at a hearing and resolves the dispute by issuing a decision that may include an award of money. You can think of an arbitrator as a private judge hired by the disputing parties to resolve their dispute.
An arbitrator reviews testimony and evidence presented by the disputed parties at a hearing and resolves the dispute by issuing a decision that may include an award of money. You can think of an arbitrator as a private judge hired by the disputing parties to resolve their dispute.
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