Arbitration Is Where an Impartial Third Party Acts as Both

question 53

True/False

Arbitration is where an impartial third party acts as both judge and jury in imposing a binding decision on both negotiating parties.

---

Definitions:

Potential Customers

Individuals or organizations that are likely to be interested in purchasing a company's products or services but have not yet done so.

Hypothesis

A preliminary theory put forward on the grounds of restricted data, aimed at guiding subsequent inquiry.

Starbucks Restaurant

A misnomer as Starbucks is primarily known as a global coffeehouse chain that offers coffee drinks, food items, and a place for social interaction.

Less Than 10 Minutes

A time frame or duration indicating that an activity or task takes fewer than ten minutes to complete.