Which of the Following Statements Is NOT True Regarding Arbitration

question 18

Multiple Choice

Which of the following statements is NOT true regarding arbitration of contract disputes?

• A) A judge or jury decides the outcome.
• B) Most arbitration agreements stipulate decisions cannot be appealed to the courts.
• C) Arbitration occurs only when the parties have entered into an arbitration agreement.
• D) Arbitration clauses are common in consumer and business contracts.

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Definitions:

Short-Term Memory

Activated memory that holds a few items briefly, such as digits of a phone number while calling, before the information is stored or forgotten.

Sensory Memory

The shortest-term element of memory, it allows individuals to retain impressions of sensory information after the original stimulus has ceased.

Atkinson And Shiffrin

A model of memory proposed by Richard Atkinson and Richard Shiffrin in 1968, describing memory in terms of three stores: sensory memory, short-term memory, and long-term memory.

Long-Term Memory

The relatively permanent and limitless storehouse of the memory system. Includes knowledge, skills, and experiences.