Which form of arbitration refers to situations where local representatives agree to comply with the arbitrator's decision before the proceedings? a) Binding b) Unbinding c) Bindable d) Nonbinding

a) Binding

Explanation:

A binding arbitration refers to a situation whereby the representatives in a dispute agree to comply with the arbitrator's decision before the proceedings commence.  This implies that the arbitration is less formal, less time-consuming, and less costly.  As a private method of settling disputes, a binding arbitration will have some disputing parties agree to submit their disputes and their resolution to an impartial arbitrator.  The arbitrator will then review the disagreement before rending a final and binding award, as the case may be.