In a binding arbitration clause,

Multiple Choice

a contractual provision gives the parties the opportunity to select arbitration, mediation, or litigation as the method of dispute resolution.

the losing party must be handcuffed and led out of the arbitration room, and immediately begin serving an arbitrator$-$imposed term of imprisonment

a contractual provision mandates that all disputes arising under the contract must be settled by arbitration.

the party initiating the arbitration proceeding always chooses the arbitrator.