When Parties Agree to Resolve a Dispute by Arbitration They

question 432

Multiple Choice

When parties agree to resolve a dispute by arbitration they rely on an arbitrator. An arbitrator is usually:

• A) an attorney who knows nothing about the issues in the matter and is unbiased
• B) a management representative of one side to the dispute
• C) a neutral expert in the field who may or may not be an attorney
• D) a judge who has experience in small claims courts
• E) a competitor of both parties

---

Definitions:

Belief Perseverance

The tendency of individuals to hold onto their beliefs even when faced with evidence that contradicts or disproves them.

Professional Figure Skater

An individual who performs and competes in ice skating at an advanced or expert level, often as a career.

Base Rates

Base rates refer to the prevalence or general incidence of a characteristic or condition within a specified population or sample.

Autumn

A season of the year occurring as the transition from summer to winter, characterized by cooler temperatures and the shedding of leaves from deciduous trees.