Choose the correct option that best explains the given word.Arbitratora)A person appointed by two parties to solve a disputeb)A person who is appointed to give punishmentc)A person who is always aggressived)A person who always give blessingsCorrect answer is option 'A'. Can you explain this answer?

Question

Answer

Arbitrator

An arbitrator is a neutral third party appointed by two parties involved in a dispute to help them reach a resolution. Here is an explanation of why option A is the correct answer:

Definition of an Arbitrator:
- An arbitrator is someone who is chosen by both parties to listen to their arguments and make a decision on how to resolve the dispute.
- The arbitrator is impartial and does not take sides, but instead focuses on finding a fair and just solution that both parties can agree on.

Role of an Arbitrator:
- The main role of an arbitrator is to facilitate communication between the parties and help them come to a mutually acceptable agreement.
- Arbitrators have the authority to make a final and binding decision on the dispute, which both parties are legally obligated to follow.

Key Characteristics of an Arbitrator:
- An arbitrator must be knowledgeable about the subject matter of the dispute and have expertise in conflict resolution.
- They must be fair, unbiased, and have excellent communication and negotiation skills to effectively mediate between the parties.

In conclusion, an arbitrator is a person appointed by two parties to solve a dispute through a fair and impartial process. They play a crucial role in helping parties reach a resolution without the need for costly and time-consuming litigation.

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