An arbitrator’s decision is called an award only when monetary compensation is awarded.True false question.TrueFalse

The statement is False. An arbitrator’s decision is termed an "award" regardless of whether monetary compensation is involved. An award can take various forms, including reinstatement in a job, specific performance, or even non-monetary remedies. The term "award" generally refers to the final decision made by the arbitrator on the issues presented during arbitration. Even if no monetary compensation is granted, the resolution provided by the arbitrator is still counted as an award. Therefore, the concept of an "award" encompasses all forms of resolution and is not limited strictly to financial awards.