Mediation

What is business mediation?

• A legal trial process

• A method to resolve disputes through a neutral third party

• A way to punish businesses in legal disputes

• A process where only one party makes the final decision

Which of the following is NOT a benefit of mediation?

• It is cost-effective

• It is confidential

• It guarantees a final decision

• It helps preserve relationships

How does mediation work?

• The mediator makes a final ruling

• The mediator helps parties communicate and negotiate a mutual agreement

• The mediator only listens and does not intervene

• The mediator forces parties to compromise

What is one of the drawbacks of mediation?

• It is more expensive than litigation

• It always leads to a legally binding decision

• It may involve revealing sensitive information

• It is a very formal process

When is mediation useful for resolving personal disputes?

• When the dispute involves a high level of emotion

• When only one party wants a solution

• When the dispute is between companies, not individuals

• When the law requires immediate court intervention

In contract negotiations, what is the role of mediation?

• To make one party accept the other party's demands

• To eliminate the need for legal contracts

• To delay the negotiation process

• To ensure contract terms are fair and meet everyone’s needs

How can mediation help with real estate issues?

• By making the final decision on property disputes

• By reducing the need for legal costs

• By ensuring that only the buyer’s needs are met

• By increasing the complexity of contracts

Which of the following is an example of a business dispute that can be mediated?

• Joint venture disputes

• Shareholder rights issues

• Contractual disputes

• All of the above

What is a key characteristic of employer-employee mediation?

• It focuses on court-mandated decisions

• It is only useful for large companies

• It helps resolve disputes like wage issues and employee complaints

• It is a slow and costly process

What is one of the main advantages of mediation over litigation?

• It takes longer than a lawsuit

• The mediator has complete control over the outcome

• It allows both parties to retain control over the decision-making process

• It is more public than court proceedings