Under the Terms of a Contract Between a Supplier and a Retailer

question 96

Multiple Choice

Under the terms of a contract between a supplier and a retailer, disputes concerning coverage were to be submitted to a three-member board, which would render a decision. One member of the board was selected by the retailer, and one by the supplier. Those two members then selected the third. What type of ADR is this?

• A)Negotiation
• B)Mediation
• C)Arbitration
• D)Litigation

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Definitions:

Conflict Resolution

The process of resolving a dispute or disagreement, aiming to reach an agreement that satisfies all parties involved.

Emotions Managed

The process of regulating and controlling one's emotional responses to maintain harmony in interactions or achieve goals.

Emotions Destructive

Involves feelings that are negative in nature and have the potential to cause harm or deteriorate relationships, such as anger, jealousy, or hatred.

Fear And Anxiety

Emotional states characterized by feelings of dread over potential threats and worry about future events.