New York Watch, Guard, or Patrol Agency (WGP) License Practice Exam

An arbitration is the settlement of a disagreement by an arbitrator chosen by the what?

1. Judge and jury

2. Government

3. Parties to the argument

4. Legal representatives

The correct answer is: Parties to the argument

Arbitration is a form of alternative dispute resolution in which the parties in conflict agree to have their dispute resolved by a neutral third party, known as the arbitrator. This option is chosen because it allows the parties to have a say in the selection of the arbitrator, making them feel more in control of the outcome. Option A, Judge and jury, is incorrect because arbitration is an informal process and does not involve a formal legal system or court. Option B, Government, is incorrect because the parties involved in the dispute have the autonomy to choose their own arbitrator without government involvement. Option D, Legal representatives, is incorrect because arbitrators are not lawyers and do not represent either side in the dispute, rather they act as impartial decision-makers. Overall, option C is the most appropriate and accurate answer as it reflects the voluntary nature of arbitration and the role of the parties in choosing