A Textile Manufacturing Company Is Trying to Solve a Dispute

Multiple Choice

A textile manufacturing company is trying to solve a dispute with one of its raw material suppliers over a breach of contract. After the initial attempts to solve the dispute in a friendly informal manner failed, the companies have approached an international commission to appoint an informed party to act as a referee and make a judgment that both parties will honor. Which of the following dispute resolution methods is being used by the companies in the above scenario?

A) Litigation
B) Arbitration
C) Mediation
D) Coercion
E) Judicial intervention