MCQs > Finance & Management > Negotiation Skills MCQs > Mediation and Arbitration MCQs

Mediation and Arbitration MCQ

Arbitration is common in labor-management negotiation.

Answer

Correct Answer: True

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All parties need to accept the mediation for it to be successful.

Answer

Correct Answer: True

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One of the benefits of arbitration is that it tends to be less costly than mediation.

Answer

Correct Answer: False

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Mediation can range from very formal to very informal.

Answer

Correct Answer: True

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Arbitrators affect both the process and the outcome of a negotiation.

Answer

Correct Answer: True

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One downside in arbitration is that the parties ______.

Answer

Correct Answer: May not try hard to reach an agreement

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According to the text, when using a third party, one must determine how much ______ they are willing to give up.

Answer

Correct Answer: Control

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______ affect only the process of the dispute resolution.

Answer

Correct Answer: Mediators

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A high level of ______ and ______ may cause the need for a third party in a negotiation.

Answer

Correct Answer: Suspicion; mistrust

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One reason to seek a third party is when the negotiation ______.

Answer

Correct Answer: Reaches a stalemate

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More Negotiation Skills Subjects
Think About Negotiation
Negotiation Fundamentals
Planning to Negotiate
Reciprocity Negotiation
Intangible Interests in Negotiation
Relationships in Negotiation
Uncertainty of Negotiation
Formal Power Negotiation
Alternatives of Negotiation
Persistence and Goals
Individual Difference in Negotiation
Culture in Negotiation
Stages of Negotiation
Negotiation and Technology
Negotiating with more Person
“Hardball” Tactics of Negotiation
Resource and Time Constraints
Negotiation Skills
More Resources
Negotiation Skills Skill Assessment
Negotiation Skills PDF
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