Question: Question: Select the true statement about arbitration as a conflict resolution technique. 1. Arbitration is often preferred to litigating a dispute in court because it

Question: Select the true statement about arbitration as a conflict resolution technique.

1. Arbitration is often preferred to litigating a dispute in court because it preserves confidentiality.

2. Businesses often seek alternative conflict resolution processes to arbitration because their disputes can be quite technical and difficult for arbitrators to understand.

3. An arbitration award is only binding if both parties to the dispute agree to the decision.

4. An arbitration tribunal selects the arbitrator that will be used to decide the outcome of a dispute.

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