Recovery exam for disputes resolution and crisis management

Which type of Alternative Dispute Resolution involves a neutral third-party mediator facilitating discussions between the parties?

• Arbitration

• Conciliation

• Mediation

• Neutral Evaluation

What is the goal of all Alternative Dispute Resolution methods?

• To escalate conflicts

• To find mutually agreeable solutions outside of the formal legal system

• To resort to violence

• To prolong court proceedings

In which type of dispute resolution does a neutral arbitrator or panel render a binding decision after hearing arguments and evidence from both sides?

• Conciliation

• Arbitration

• Negotiation

• Mediation

Which Alternative Dispute Resolution method involves a neutral third-party evaluating the merits of the case and providing an assessment to guide the parties towards settlement?

• Negotiation

• Neutral Evaluation

• Arbitration

• Conciliation

Which Alternative Dispute Resolution method involves a neutral third-party assisting the parties in reaching a voluntary agreement?

• Arbitration

• Mediation

• Conciliation

• Neutral Evaluation

What is the key difference between arbitration and mediation in resolving disputes?

• Arbitration involves a binding decision by a neutral party, while mediation focuses on voluntary agreement

• Mediation involves a binding decision by a neutral party, while arbitration focuses on voluntary agreement

• Arbitration involves only one party, while mediation involves multiple parties

• Mediation involves only one party, while arbitration involves multiple parties

What is the main objective of conciliation in Alternative Dispute Resolution?

• To escalate conflicts

• To find mutually agreeable solutions outside of the formal legal system

• To prolong court proceedings

• To resort to violence

Which type of dispute resolution method involves a neutral third-party evaluating the case and providing a non-binding opinion to assist the parties?

• Arbitration

• Mediation

• Conciliation

• Neutral Evaluation

What distinguishes negotiation from other Alternative Dispute Resolution methods?

• It involves a neutral third-party mediator

• It focuses on voluntary agreement

• It requires a binding decision by a neutral party

• It prolongs court proceedings

Explain the concept of 'binding arbitration'.

• A form of meditation practiced in Eastern cultures

• A method of resolving disputes outside of the court system, where both parties agree to abide by the decision of an arbitrator.

• A type of adhesive used in construction

• A legal document used to secure a loan