Jasmyne Whitman
October 15, 2023
Legal Environment of Business
Quiz: Alternative Dispute Resolution Essay
1.
Explain Conciliation, also referred to as Negotiation
a.
Conciliation, or negotiation, is a conflict resolution process where two or more parties come to a mutual agreement over a common issue. Negotiation is used among conflict management in many parts of life.
2.
Explain Mediation
a.
Mediation is a process of disputing a conflict in which a third party, also referred to as a mediator, helps communicate, negotiate, and come to a mutual agreement between the conflicting parties. Mediation is often used as an alternative dispute resolution method in settings such as legal disputes, workplace conflict, community conflict, family issues, and other places. 3.
Explain Arbitration
a.
Arbitration is an alternative dispute resolution method where each conflicting party agrees to have a neutral third party, also known as an arbitrator, who makes the ultimate decision in resolving conflict. Arbitration is used in different situations, such as commercial disputes, labor and consumer relations, and international trade.
