Final answer:
Arbitration is the dispute resolution process where an impartial arbitrator makes the final decision resolving the dispute.
Step-by-step explanation:
The dispute resolution process in which the final decision is made by an impartial person is called arbitration. In arbitration, an arbitrator is appointed to review the evidence, listen to both parties, and then decide the remedy and resolution of the case. This process is distinguished from mediation, which involves a mediator helping the parties reach a mutual agreement without making a binding decision. Both arbitration and mediation strive to provide an accessible and impartial dispute resolution platform, ensuring that both parties feel heard and supported throughout the process.
The dispute resolution process in which the final decision is made by an impartial person is called arbitration. In arbitration, a neutral third-party, known as the arbitrator, hears both sides of the dispute and makes a binding decision that is legally enforceable. This process is often used when parties have agreed beforehand to resolve their disputes through arbitration.