1.
Which are the four correct methods of ADR?
Correct Answer(s)
A. Arbitration
B. Negotiation
C. Conciliation
E. Mediation
Explanation
The four correct methods of Alternative Dispute Resolution (ADR) are arbitration, negotiation, conciliation, and mediation. ADR refers to processes that provide parties with an alternative to litigation for resolving disputes. Arbitration involves a neutral third party making a binding decision based on evidence and arguments presented by the parties. Negotiation is a process where parties attempt to reach a mutually acceptable agreement through direct communication. Conciliation involves a third party facilitating communication and suggesting possible solutions. Mediation is a process where a neutral third party assists parties in reaching a voluntary agreement by facilitating communication and guiding the negotiation process.
2.
Which are the correct advantages of Negotiation?
Correct Answer(s)
A. Its Quick
B. Cheap Process
C. Privacy
Explanation
Negotiation has several advantages, including being quick, cost-effective, and maintaining privacy. Negotiations allow parties to reach agreements efficiently, saving time and resources. It is also a cheaper process compared to other dispute resolution methods like litigation. Additionally, negotiations can be conducted privately, ensuring confidentiality and discretion. However, it is important to note that negotiations may not always result in a decision, and there is a lack of certainty in the outcome.
3.
Do the parties have to meet in mediation?
Correct Answer
B. No
Explanation
In mediation, parties are not required to meet physically. Mediation is a voluntary process where a neutral third party facilitates communication and negotiation between the parties to help them reach a mutually acceptable resolution. It can be conducted through various means such as face-to-face meetings, phone calls, video conferences, or even online platforms. Therefore, the parties do not necessarily have to meet in person for mediation to take place.
4.
Whats a typical cost of Mediation services?
Correct Answer
A. £1000 - £1500 a day
Explanation
The typical cost of mediation services is £1000 - £1500 a day. This range implies that the cost can vary depending on factors such as the complexity of the case, the experience of the mediator, and the location of the mediation. Mediation is a process where a neutral third party helps parties in a dispute reach a mutually acceptable agreement. The cost reflects the expertise and time required for the mediator to facilitate productive communication and guide the parties towards resolution.
5.
Whats the similarity with mediation and conciliation?
Correct Answer
B. They both use a messenger
Explanation
The correct answer is "they both use a messenger." Mediation and conciliation are both methods of resolving disputes where a neutral third party, known as a messenger or mediator, is involved. This person assists in facilitating communication and negotiation between the parties involved, with the goal of reaching a mutually agreeable solution. While they may have some similarities, such as the use of a messenger, they are not exactly the same as they may differ in terms of the level of formality, legal implications, or specific processes involved.
6.
Whats an arbitrators role?
Correct Answer
B. Acts like a judge
Explanation
An arbitrator's role is to act like a judge. They are responsible for listening to both parties involved in a dispute, considering the evidence and arguments presented, and making a fair and impartial decision based on the applicable laws and regulations. Similar to a judge, an arbitrator has the authority to make binding decisions and resolve conflicts between the parties involved. They are expected to be unbiased and ensure that the arbitration process is conducted in a just and efficient manner.
7.
Which are the correct disadvantages of Arbitration?
Correct Answer(s)
A. Legal point
B. Fees expensive
C. Limited appeal
D. Delays
Explanation
Arbitration has several disadvantages. Firstly, it may not always provide a clear resolution from a legal standpoint, as it is an alternative to the court system. Secondly, the fees associated with arbitration can be quite expensive, especially if the process is prolonged. Additionally, the appeal options are limited in arbitration, which means parties may not have the opportunity to challenge an unfavorable decision. Lastly, arbitration can often result in delays, as the process can be time-consuming. These disadvantages make arbitration less favorable in certain situations.
8.
What does ADR actually stand for?
Correct Answer
C. Alternative dispute resolution
Explanation
ADR stands for alternative dispute resolution. This term refers to a process or method used to resolve conflicts or disputes outside of the traditional court system. It provides an alternative to litigation and allows parties to reach a resolution through negotiation, mediation, or arbitration. ADR is often considered more cost-effective, time-efficient, and flexible compared to going to court.