What term refers to the process of resolving a dispute?

What term refers to the process of resolving a dispute?

• A. Memo
• B. Policy
• C. Liable
• D. Arbitration

Answer: (D)

Arbitration is a way to settle a disagreement outside the court system by bringing it to a neutral decision-maker. The arbitrator listens to both sides, reviews the evidence, and then issues a binding decision called an award that the parties must follow. This process is often faster, private, and contractually required in many business and labor situations. A memo is simply a short written note used to communicate information. A policy is a rule or guideline adopted by an organization. Being liable means someone is legally responsible for something. None of these describe a structured process for resolving disputes in the way arbitration does.

Arbitration is a way to settle a disagreement outside the court system by bringing it to a neutral decision-maker. The arbitrator listens to both sides, reviews the evidence, and then issues a binding decision called an award that the parties must follow. This process is often faster, private, and contractually required in many business and labor situations.

A memo is simply a short written note used to communicate information. A policy is a rule or guideline adopted by an organization. Being liable means someone is legally responsible for something. None of these describe a structured process for resolving disputes in the way arbitration does.