What Factor Would Most Likely Increase the Negative Impact of an Arbitration

question 60

Multiple Choice

What factor would most likely increase the negative impact of an arbitration session?

• A) limited options of the arbitrator
• B) heavy-handedness of the arbitrator
• C) compulsory nature of the arbitration
• D) voluntary nature of the arbitration
• E) establishment of an agreement that is nonbinding

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Definitions:

Reasonable Expenses

Costs incurred that are considered fair, appropriate, and necessary for the circumstances.

Substitute Widgets

Hypothetical or actual replacement products that serve the same function or purpose as another product in a market context.

Incidental Damages

Financial compensation for reasonably associated losses stemming from a breach of contract, aside from direct damage costs.

Inspecting

The process of examining something carefully in order to ascertain its condition, quality, or compliance with certain standards or regulations.