Investment Company and. Variable Contracts Products Principals (Series 26) Practice Exam

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In simplified arbitration, how many business days does a single arbitrator have to render a binding decision?

20 business days
30 business days
45 business days
60 business days

The correct answer is: 30 business days

In simplified arbitration, the timeframe within which a single arbitrator is required to render a binding decision is 30 business days. This time limit is designed to ensure that the arbitration process remains efficient and expeditious, providing a quicker resolution to disputes compared to traditional arbitration methods. The 30-business-day period allows the arbitrator to review the case and make a decision without undue delay, facilitating a more responsive approach to conflict resolution in a business context. This timeframe is distinct in that it balances the need for thorough consideration of the issues at hand while still recognizing the urgency often required in business disputes.