The type of third party intervention in which an arbitrator dictates and determines the terms of contract settlement is classified as?
Correct answer: D. arbitration
- A. mediation
- B. impasse
- C. fact finder
- D. arbitration
Explanation
Arbitration differs from mediation because the arbitrator decides the dispute and may impose the settlement terms, whereas a mediator only facilitates agreement. This makes arbitration the appropriate classification.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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