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SIE Exam Practice Question 907

Question: 907

Which of the following is a formal alternative to litigation in which two or more parties select a neutral third party to resolve a dispute? At the conclusion of this process, the final decision, referred to as the "award," is binding.

Correct Answer: A

Explanation:

Arbitration is a formal alternative to litigation in which two or more parties select a neutral third party to resolve a dispute. At the conclusion of this process, the final decision, referred to as the "award," is binding.

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