What Is a Criticism of Arbitration,according to the Text

question 31

Multiple Choice

What is a criticism of arbitration,according to the text?

• A)That parties have less control through the arbitration process than through a judicial action.
• B)That arbitration is more expensive than court litigation.
• C)That arbitration actions are less private than judicial actions.
• D)That companies and employers can more easily hide disputes.
• E)That it is too easy to get an arbitration award reversed by a judge.

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Definitions:

OTC Market

Over-The-Counter Market, where securities are traded directly between parties without a central exchange, often used for stocks not listed on formal exchanges.

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of earned income, commonly seen in corporate dividends.

Sole Proprietorships

A business owned and operated by a single individual, where the owner and the business are legally the same entity.

Bylaws

Regulations, rules, or laws adopted by an organization or community to govern its actions and the actions of its members.