When an Arbitrator Is Used, Which Is Usually True

question 240

Multiple Choice

When an arbitrator is used, which is usually true:

• A) the arbitrator is a biased expert
• B) the arbitrators is trusted by both parties
• C) the matter is resolved more slowly than in most court trials
• D) the procedure is more costly than a regular trial
• E) all of the other choices are possible

---

Definitions:

Intangible Asset

An asset lacking physical substance but offering economic value through rights or intellectual property.

Government Grant

Financial assistance provided by a government to individuals, organizations, or businesses, usually for specific purposes.

Natural Resources

Materials or substances such as minerals, forests, water, and fertile land occurring in nature, which can be used for economic gain.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position, listing assets, liabilities, and shareholders' equity at a specific point in time.