While Normal Arbitration Produces an Arbiter's Decision and the Parties

question 40

True/False

While normal arbitration produces an arbiter's decision and the parties are bound by the award,online arbitration produces a decision; however,the award is not binding on the parties.

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Definitions:

Stratification

The arrangement or classification of something into different groups, levels, or ranks, often used to describe social hierarchies.

Class Analysis

The examination of societal strata and its implications on individuals' lifestyles, opportunities, and social relationships, often focusing on inequalities.

Functionalist Analysis

Functionalist analysis is a sociological approach that interprets each part of society in terms of how it contributes to the stability and functioning of the whole.

Stratification

The hierarchical arrangement or classification of society into various layers based on factors such as socio-economic status, race, education, or power.