Binding arbitration means that

Multiple Choice

the parties had previously agreed that arbitration would be utilized, rather than litigation, should a dispute arise.

the decision of the arbitrator will be final and the parties are barred from agreeing to reopen the case.

the rules of the hearing will be strict in terms of number of witnesses called, duration of the hearing itself, and whether attorneys can be present.

the decision of the arbitrator will be final unless the parties agree to reopen the case.