The Parties Who Select Arbitration as a Way to Settle

question 26

Multiple Choice

The parties who select arbitration as a way to settle their dispute agree to

• A) be bound by the decision of the arbitrator and not to challenge the award in court.
• B) mediation if either one of the parties is not successful at arbitration.
• C) challenge the arbitrator's award.
• D) discovery procedures if the arbitrator cannot reach a decision.

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Definitions:

Candidates

Candidates are individuals who present themselves or are nominated for a position, role, or to take part in a competition.

Voters

Individuals who are eligible and participate in elections to choose representatives or decide on public issues.

Consumption

The use of goods and services by households, an activity that provides utility to consumers and drives demand in the economy.

Borda Count

A voting system where voters rank options in order of preference, and options are awarded points based on their rank position in each vote.