A benefit of arbitration is which of the following, according to the text?
A) Arbitrators are assigned so parties do not have to pick them.
B) Arbitration is generally less expensive than litigation.
C) Arbitrators are bound by the same rules as judges in applying precedent.
D) Arbitrations can be set aside on appeal for the same reasons as court judgments.
E) Arbitrations prohibit the use of legal counsel.

Question

Quizplus · Accepted Answer

Arbitration is often preferred over litigation because it can be less costly. This includes lower legal fees and expenses, as well as potentially shorter time frames to resolve disputes, which can lead to cost savings.

A Benefit of Arbitration Is Which of the Following, According