Final answer:
The dispute resolution panel that hears concerns and attempts to resolve issues by providing a final decision is known as an Arbitration board.
Step-by-step explanation:
An arbitration board is a dispute resolution panel that hears concerns and attempts to resolve issues between parties by providing a final decision, which is usually binding. This process is known to be less formal than court proceedings, but more structured than negotiation or mediation. Arbitration is a common feature in commercial disputes, labor disputes, and other areas where a swift and definitive resolution is desired. Arbitrators are typically neutral decision makers who are chosen for their expertise and impartiality to ensure that justice is delivered in a timely and ethical manner.
An arbitration board is a dispute resolution panel that hears the concerns of the parties involved in a dispute and attempts to resolve the issue. It operates outside of the court system and aims to provide a fair and impartial resolution.
Arbitration involves the appointment of an arbitrator or a panel of arbitrators who review the evidence and arguments presented by both sides. The arbitrator's decision, known as an arbitration award, is legally binding and enforceable.