BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

INDUSTRIAL RELATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
This is the ideal method of settling dispute where both parties come to the negotiation table to solve the dispute amicably: ____
A
Indirect negotiation
B
Direct arbitration
C
Indirect arbitration
D
Direct negotiation
Explanation: 

Detailed explanation-1: -Conciliation. Conciliation is a method of dispute resolution wherein the parties to a dispute come to a settlement with the help of a conciliator. The conciliator meets with the parties both together and separately to enter into an amicable agreement.

Detailed explanation-2: -There are many types of dispute resolution processes, but arbitration; mediation; and negotiation are the three most common types of alternative dispute resolution.

Detailed explanation-3: -Negotiation has been defined as any form of direct or indirect communication whereby parties who have opposing interests discuss the form of any joint action which they might take to manage and ultimately resolve the dispute between them 1.

Detailed explanation-4: -Types of ADR. The most common types of ADR for civil cases are mediation, settlement conferences, neutral evaluation, and arbitration.

There is 1 question to complete.