Which statement best describes the arbitration process?

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a

It is a process through which the parties to a dispute endeavour to reach a resolution without the assistance of a neutral person.

b

It is a process where the parties try to come to some resolution themselves without lawyers.

c

It is a process in which a judge makes a decision that is always binding and which resolves a dispute.

d

It is a process through which a neutral party makes a decision $($usually binding$)$ that resolves a dispute