Session:2 Disputes and Dispute Settlement
Assessment Questions
Business Law I Essentials | Leadership Development – Micro-Learning Session
Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/business-law-i-essentials
1. A process in which a third party selected by the disputants helps the parties to voluntarily resolve their disagreement is known as:
- Mediation.
- Discovery.
- Arbitration.
- Settlement.
2. What’s the first step in Alternative Dispute Resolution?
- Conciliation.
- Mediation.
- Negotiation.
- Arbitration.
6. A person trained in conflict resolution is considered:
- An arbitrator.
- A mediator.
- A negotiator.
- A judge.
7. Mediation focuses on:
- Solutions.
- Testimony.
- Expert witnesses.
- Discoveries.
10. Roger and Larry are having a dispute regarding their joint business. They want to have a binding resolution to their dispute, but they would prefer to have the dispute handled privately and by someone with special expertise. The best form of dispute resolution for their problem would be:
- Arbitration.
- Litigation.
- Mediation.
- Summary Jury Trial.
11. All of the following are methods to enforce an arbitrator’s decision except:
- Writs of Execution.
- Garnishment.
- Fines.
- Liens.
14. All of the following are the most common applications of arbitration in the business context except:
- Labor.
- Business Transactions.
- Property Disputes.
- Torts.
15. The following are the type of awards that may be issued by an arbitrator:
- Bare Bones.
- Reasoned.
- Both a and b.
- Neither a nor b.