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Select the word which means the same as the group of words given.
A person appointed by two parties to resolve a dispute
arbitrator
broker
valuer
auditor
- Option 1: Arbitrator
- Correct choice. An arbitrator is a person appointed by two parties to resolve a dispute. They are neutral parties tasked with making a binding decision.
- Option 2: Broker
- Brokers are intermediaries who facilitate agreements or transactions between parties, such as in real estate or finance, but do not resolve disputes.
- Option 3: Valuer
- Valuers assess the worth or value of an asset, like property or art, rather than settle disputes.
- Option 4: Auditor
- Auditors review financial records and practices to ensure accuracy and compliance, not to arbitrate between parties.
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