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Revision

Authored by Zhana Bosco

Business

10th Grade

Used 4+ times

Revision
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the term from your vocabulary list matches the following definition:
A method of resolving disputes whereby an impartial third party decides on a settlement agreement that is then binding on the parties to the dispute

Mediation

Arbitration

Mediation

Conciliation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the term from your vocabulary list matches the following definition:

Similar to mediation except the conciliator can suggest possible solutions

Arbitration

Conciliation

Mediation

Negotiation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the term from your vocabulary list matches the following definition:

When a third party helps those involved in a dispute to negotiate a solution acceptable to both sides

Mediation

Negotiation

Conciliation

Arbitration

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the term from your vocabulary list matches the following definition:

A method of resolving disputes where the parties involved discuss the issues in an attempt to reach a compromise

Arbitration

Mediation

Negotiation

Conciliation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the term from your vocabulary list matches the following definition:

Money set aside during your working life for retirement

Entitlements

Employment contract

Superannuation

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6.

CATEGORIZE QUESTION

3 mins • 1 pt

Organise these options into the right categories (3 answers for each category)

Groups:

(a) Arbitration ADVANTAGES

,

(b) Arbitration DISADVANTAGES

,

(c) Conciliation ADVANTAGES

,

(d) Conciliation DISADVANTAGES

Binding Decision – The outcome is legally enforceable, ensuring compliance.

Expert Guidance – The conciliator offers suggestions and expertise to guide a resolution.

Non-Binding – The outcome is not legally enforceable unless both parties agree to formalise it.

Expertise – Arbitrators often have specialised knowledge in the area of dispute.

Efficiency – Can be faster than court proceedings.

Limited Appeal Rights – The decision is usually final, with little room for appeal.

Less Formal – More flexible and less intimidating than court.

Encourages Cooperation – Helps maintain relationships between parties.

Costly – Can be expensive, similar to court proceedings.

Relies on Willingness – If one party is uncooperative, resolution may not be reached.

Less Control – Parties do not negotiate the outcome; the arbitrator decides.

May Delay Resolution – If unsuccessful, parties may still need arbitration or court action.

7.

CATEGORIZE QUESTION

3 mins • 1 pt

Organise these options into the right categories (3 answers for each category)

Groups:

(a) Mediation ADVANTAGES

,

(b) Mediation DISADVANTAGES

,

(c) Negotiation ADVANTAGES

,

(d) Negotiation DISADVANTAGES

Confidential – Discussions remain private, unlike court cases.

Preserves Relationships – Encourages open communication and compromise.

Fast & Flexible – Can be resolved quickly without formal procedures.

Cost-Effective – Generally cheaper than arbitration or litigation.

Cost-Effective – No need for legal fees or third-party mediators.

Power Imbalances – One party may dominate the discussion, leading to an unfair outcome.

Non-Binding – Unless documented, agreements may not be enforceable.

Non-Binding – The mediator does not make a decision, so parties may walk away without resolution

No Legal Expertise Required – The mediator may not have specialized legal knowledge.

Power Imbalances – A stronger party may pressure the other into an unfair agreement.

Confidential – Discussions remain private, avoiding public disputes.

May Lead to Stalemates – If neither side is willing to compromise, resolution is unlikely.

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