Which of the following is true of arbitration?
A) It is formal as compared to a trial.
B) It is focused on fact finding.
C) It is less expensive than mediation.
D) It is a nonbinding structured process.

Question

Quizplus · Accepted Answer

Arbitration is focused on fact-finding, where an arbitrator or a panel listens to the evidence and makes a decision. It is less formal than a trial, can be more expensive than mediation depending on the case, and is typically a binding process, contrary to being nonbinding.

Which of the Following Is True of Arbitration