Which of the following is true about arbitration as a method of dispute resolution?
A) It is used very frequently.
B) The process is inexpensive.
C) The process takes time.
D) There is no time lag between the grievance and its resolution.

Question

Quizplus · Accepted Answer

Arbitration can take time, as it involves an independent third party hearing the case, reviewing evidence, and making a decision. The length of the process can vary depending on the complexity of the dispute and the availability of the arbitrator. While it may be faster than going to court, it is not always a quick process. Choices A and B are incorrect, as arbitration is not always used frequently and can be expensive depending on the situation. Choice D is also incorrect, as there may still be a time lag between the grievance and its resolution in arbitration.

Which of the Following Is True About Arbitration as a Method