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CIPS Exam L5M3 Topic 3 Question 37 Discussion

Actual exam question for CIPS's L5M3 exam
Question #: 37
Topic #: 3
[All L5M3 Questions]

Buyer A and Supplier B have had a disagreement regarding a breach in the contract. They are looking to resolve the issue via arbitration. Which of the following is true about arbitration?

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Suggested Answer: A

The outcome is binding and enforceable is the correct answer. However the ruling can be appealed. Arbitration is a flexible approach, and the outcome doesn't set legal precedent. The role of the arbitrator is to reach a decision, only in mediation is the role of the third party to facilitate dialogue rather than reach a decision. See p.80 for more information on arbitration.


by Theresia at Sep 19, 2024, 08:31 AM

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Pearly
10 months ago
C) just sounds like conflict resolution 101 - the arbitrator is there to help, not make the decisions for us.
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Galen
10 months ago
D) the outcome will set a legal precedent
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Tony
10 months ago
C) the arbitrator's role is to facilitate dialogue
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Katina
10 months ago
B) there are strict rules and processes to follow
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Basilia
10 months ago
A) the outcome is binding and enforceable
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Latonia
11 months ago
This seems like a straightforward legal question, unlike that last one about configuring a network router. I'm sticking with A).
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Tiara
11 months ago
I'll go with A) - can't argue with a legally binding outcome, even if the process is a bit stuffy.
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Emelda
10 months ago
C) the arbitrator's role is to facilitate dialogue
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Melissia
10 months ago
B) there are strict rules and processes to follow
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Ressie
10 months ago
A) the outcome is binding and enforceable
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Kanisha
11 months ago
B) sounds about right - there are formal rules and procedures that must be followed in arbitration.
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Helene
10 months ago
C) the arbitrator's role is to facilitate dialogue
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Lindsey
10 months ago
B) there are strict rules and processes to follow
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Leonor
10 months ago
A) the outcome is binding and enforceable
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Alonso
11 months ago
I think the answer is C) the arbitrator's role is to facilitate dialogue because they are supposed to help the parties reach a resolution.
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Dalene
11 months ago
I disagree, I believe the answer is B) there are strict rules and processes to follow.
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Glen
11 months ago
I think the answer is A) the outcome is binding and enforceable.
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Camellia
12 months ago
A) is definitely the correct answer here. Arbitration decisions are legally binding and enforceable.
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Gretchen
11 months ago
A) Yes, the outcome of arbitration will set a legal precedent for future cases.
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Dominga
11 months ago
C) The arbitrator's role is to facilitate dialogue between the parties involved.
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Leoma
11 months ago
B) That's right, there are strict rules and processes to follow in arbitration.
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Eulah
11 months ago
A) is definitely the correct answer here. Arbitration decisions are legally binding and enforceable.
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