What Is an Advantage of Arbitration

question 27

Multiple Choice

What is an advantage of arbitration?

• A) outcomes are subject to appeal
• B) outcomes are consistent
• C) less expensive than litigation
• D) process is lengthy

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Definitions:

Class

A group of individuals within a society who share similar socioeconomic status, often determined by factors like wealth, occupation, and education.

Absolute Poverty

A condition where an individual is unable to meet the minimum levels of income, food, clothing, healthcare, shelter, and other essentials for living.

Relative Poverty

A condition where individuals or families have significantly less income or resources than the average in their society or community.

Poverty

A socio-economic condition characterized by a lack of means to meet basic personal needs such as food, clothing, and shelter.