Arbitration is a process that occurs when parties in dispute appoint a third person to:

Question

Quizplus · Accepted Answer

Arbitration is a process in which an impartial third party, called an arbitrator, is appointed to hear evidence and arguments from both sides and make a binding decision. Therefore, option B is the correct answer. Option A is more closely associated with mediation, while option C is more closely associated with litigation. Option D is incorrect as it includes all three options, which is not always the case in arbitration.

Arbitration Is a Process That Occurs When Parties in Dispute