Question

Many factors must be considered in choosing binding arbitration. All of the following should be considered except:

A) Cost
B) Impartiality
C) Timeliness
D) Complexity

Answer 1

When choosing binding arbitration, factors such as cost, impartiality, and timeliness are essential considerations; however, complexity should not be a deterring factor as arbitrators are equipped to handle complex cases.

Step-by-step explanation:

When choosing binding arbitration, the factors that should be considered include the cost, impartiality, and timeliness of the resolution process, but not necessarily the complexity of the issue at hand. Binding arbitration is often sought because it can be a more cost-effective and expedient alternative to traditional litigation. An impartial arbitrator is crucial to ensure a fair decision, and the process is usually valued for its timeliness, providing resolutions faster than courts. In contrast, the complexity of the issue should not deter parties from choosing arbitration, as arbitrators are capable of handling complex cases. In fact, the ability to handle complex matters is one of the advantages of arbitration.