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Which list provides three examples of dispute resolution processes? (A) Conciliation, benchmarking, mediation (B) Business relocation, arbitration, repatriation (C) Grievance procedures, negotiation, induction (D) Business closure, common law action, mediation - HSC - SSCE Business Studies - Question 12 - 2007 - Paper 1

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Which-list-provides-three-examples-of-dispute-resolution-processes?-(A)-Conciliation,-benchmarking,-mediation-(B)-Business-relocation,-arbitration,-repatriation-(C)-Grievance-procedures,-negotiation,-induction-(D)-Business-closure,-common-law-action,-mediation-HSC-SSCE Business Studies-Question 12-2007-Paper 1.png

Which list provides three examples of dispute resolution processes? (A) Conciliation, benchmarking, mediation (B) Business relocation, arbitration, repatriation (C) ... show full transcript

Worked Solution & Example Answer:Which list provides three examples of dispute resolution processes? (A) Conciliation, benchmarking, mediation (B) Business relocation, arbitration, repatriation (C) Grievance procedures, negotiation, induction (D) Business closure, common law action, mediation - HSC - SSCE Business Studies - Question 12 - 2007 - Paper 1

Step 1

Identify dispute resolution processes

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Answer

Dispute resolution processes are methods used to resolve conflicts or disputes between parties. Examples include negotiation, arbitration, mediation, and conciliation.

Step 2

Evaluate each option

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Answer

A. Conciliation, benchmarking, mediation: Conciliation and mediation are valid dispute resolution methods, but benchmarking is not.

B. Business relocation, arbitration, repatriation: While arbitration is a legitimate method, business relocation and repatriation do not pertain to dispute resolution.

C. Grievance procedures, negotiation, induction: Grievance procedures and negotiation are valid, but induction is not a dispute resolution method.

D. Business closure, common law action, mediation: Mediation is a valid method, but business closure and common law action refer to legal actions rather than methods of resolution.

Step 3

Select the correct answer

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Answer

Based on the evaluation, option D (Business closure, common law action, mediation) is the only choice that includes mediation, which is a recognized dispute resolution process, making it the correct answer.

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