Which of the Following Is True About Qualifications of Arbitrators

question 53

Multiple Choice

Which of the following is true about qualifications of arbitrators?

• A) Prior exposure to fringe arbitration dilutes an individual's credibility as a mainline arbitrator in the future.
• B) Academics who teach labor law and industrial relations are acceptable as arbitrators.
• C) Selection by the parties has no bearing upon an individual's participation in the process of arbitration.
• D) There exist absolute and chartered qualifications to be an arbitrator.

---

Definitions:

Social Interest

The welfare or well-being of the general public and society as a whole, often considered in economic and policy decisions.

Consumer Sovereignty

The idea that consumers' preferences and choices dictate the types and quantities of goods and services produced by an economy.

Producer Decisions

The selections made by firms regarding the production of goods or services, including what, how, and for whom to produce.

Consumer Demands

The desire, willingness, and ability of consumers to purchase goods and services at various price levels.