Which of the Following Statements Is True Regarding Arbitration

question 67

Multiple Choice

Which of the following statements is true regarding arbitration?

• A) The rules governing arbitration proceedings are more restrictive than court proceedings.
• B) Arbitration is rarely used for dispute resolution.
• C) The cost of arbitration is more than that of litigation.
• D) It can be structured in almost any way that accommodates the needs of the parties. Rules governing arbitration proceedings are far less restrictive than court proceedings, and generally, the cost of arbitration is much less than litigation.