Asked by Jai'Veon Smalls on Sep 28, 2024
Verified
If the primary goal of a dispute resolution system is to create pressure that will encourage the negotiators to settle their differences, arbitration is the best option.
Arbitration
A dispute resolution process where an impartial third party makes a decision to settle a dispute outside of court.
Dispute Resolution
The process of resolving disagreements through negotiation, mediation, arbitration, or legal means.
Negotiators
Individuals involved in discussions aimed at reaching an agreement or compromise between two or more parties.
- Recognize the determinants impacting the efficacy of dispute settlement systems.
Verified Answer
GD
Gaurav Dubeyabout 11 hours ago
Final Answer :
True
Explanation :
Arbitration is a more formal and binding process than negotiation or mediation, which creates more pressure on the parties to settle their differences as they have limited options for appeal or further legal action. Therefore, arbitration can be an effective way to encourage negotiators to settle their disputes.
Learning Objectives
- Recognize the determinants impacting the efficacy of dispute settlement systems.