Which of the Following Is True of Arbitration

question 37

Multiple Choice

Which of the following is true of arbitration?

• A) Arbitration is more expensive and time-consuming than litigation.
• B) Arbitrators' decisions are rarely binding on the parties.
• C) Arbitrators must be licensed pursuant to the American Arbitration Association.
• D) An arbitrator is always a neutral third party.
• E) Arbitrators must be licensed and trained to assume the role.

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Definitions:

Axon

A part of a neuron that transmits electrical impulses away from the neuron's cell body to other neurons or muscles.

Neuron

A nerve cell that is the basic building block of the nervous system, responsible for transmitting information throughout the body.

Neurons

Cells specialized in sending nerve messages, forming the core structure of the nervous system.

Synapse

The junction between two neurons or between a neuron and a muscle where electrical or chemical signals are transmitted from one cell to another.