Which of the following statements is true of arbitration?

Multiple Choice

The record of proceedings is available to the press and others.

The decisions arising from arbitration are binding on the disputing parties.

The outcomes of an arbitration procedure cannot be imposed on the disputing parties.

The disputing parties resolve all of the matters of contention by themselves in arbitration, without the intervention of a third party.

The primary function of arbitration is to serve as a prelude to litigation.