Chapter 12, Problem 5AA

To determine

To choose: the correct word that completes the given sentence.

Answer to Problem 5AA

The appropriate word that completes the given sentence is neutral.

Explanation of Solution

Mediation is a method of informal and flexible settlement of conflicts. The role of mediator is to direct the parties towards their own resolution. The mediator will bring communications from both sides offers, counter offers, concerns, requests, and proposals to help the groups move closer to settlement.

Economics Concept Introduction

Introduction: A type of alternative conflict resolution in which the parties concerned carry their conflict to a neutral third party who assists them in finding a settlement; mediation is usually non-binding, unless the parties consent to a settlement that results.