One Advantage of Arbitration Is That Awards Are Recognized by the Signers

question 34

True/False

One advantage of arbitration is that awards are recognized by the signers of the U.N.Convention on Recognition and Enforcement of Foreign Arbitral Awards (or,the New York Convention).

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Definitions:

Moral Dilemmas

Situations in which individuals must make a decision between two or more morally conflicting options, where every possible choice has some negative consequence.

Conventional Level

A phase in Kohlberg's theory of moral development where moral reasoning is based on conforming to social rules and norms.

Formal Operational

The final stage in Jean Piaget's theory of cognitive development, marked by the ability to think abstractly, logically, and systematically.

Postconventional Level

A stage of moral development in which individuals make choices based on ethical principles.