which of the following is true and which of them are false?

1)The fair value hierarchy represents of a continuum, defined along the lines of relative certainty, of possibilities that may be used to estimate market value from historical data.

2) Under the market approach, the value of the asset is what the asset can be sold for in an open market within some reasonable time period.

3) Interest Arbitration involves resolving conflicting demands, typically in labor contract negotiations.

4) Arbitration involves a neutral third-party who helps those involved in a dispute to resolve their differences through structured negotiations.

5) Arbitration also involves a neutral third-party, but the neutral third-party is empowered to issue findings that can be binding on the disputants.

6) Alternative Dispute Resolution has some distinct disadvantages over litigation such as higher costs and public access to the proceedings.

7) Arbitration clauses in contracts are generally unenforceable.

8) The arbitration process is in many ways like the process followed in traditional court litigation.

9) With the facilitative mediation style, the mediator express opinions with respect to the facts of the case and the reasonableness of the participants' negotiating positions.

10) Participants in the mediation process can rent a retired judge to help their process.

11) A technique to solve conflict during ADR is to rent a judge and rent a jury.

12) Major league sports prefer court or senate hearings to solve their labor disputes.