Which of the Following Is True of Arbitration

question 46

Multiple Choice

Which of the following is true of arbitration?

• A)The procedures involved in arbitration are more rigid than those followed in lawsuits.
• B)An arbitrator's decision is binding and cannot be appealed in court.
• C)An arbitration hearing can be planned and executed by the parties themselves.
• D)An arbitrator's decision cannot come under the review of the courts.

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Definitions:

World Market

A global arena for the exchange of goods, services, and financial instruments among countries.

Meganational Strategy

Strategic approaches adopted by corporations to optimize their operations and market presence on a global scale, leveraging multinational presence.

Standardized Platform

A uniform technological base or set of guidelines adopted across different systems to ensure compatibility, efficiency, and consistency in operations or services.

Handicraft Shops

Retail outlets specializing in the sale of handmade goods, often emphasizing traditional or cultural craftsmanship.