Which of the Following Statements Is True Regarding Arbitration

question 60

Multiple Choice

Which of the following statements is true regarding arbitration?

• A) It does not involve a third party.
• B) It may be binding or nonbinding.
• C) The parties involved in the dispute attempt to resolve their conflict on their own.
• D) It is the cheapest and the easiest ADR mechanism.

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Definitions:

Nature of the Study

A detailed description of the research design, methodology, and overall approach being used in a research project.

Nuremberg Code

An international code emphasizing that research subjects must consent to the research in which they are involved and that the benefits of the research must outweigh the risks.

Research Participants

Individuals who take part in a research study, providing data through their actions, responses, or providing access to their personal information.

Consent

The agreement to participate in research or any activity, given by a participant with full knowledge of the risks and benefits involved.