Question

1- Take this opportunity to tell me (1) 4 different types of methods of resolving business disputes, (2) briefly describe each, and (3) at least two advantages and  one disadvantage of each method.

Method of resolving dispute	Brief description	Advantages	Disadvantages
1.       Negotiation
	Using a third party expert to give an opinion, and try to resolve the case.
		Usually faster and cheaper than litigation, final decision, nonpublic
			Costly, takes longer, usually destroys business relationship

2-   What are 4 things that a CEO or the Board of Directors can do to promote ethical behavior within the company?

3- Tell me the difference between a question of law and a question of fact, who decides facts, and then tell me which court (trial or appellate) would handle only questions of law.  

Difference between a question of law and a question of fact

Who decides facts,

Which court (trial or appellate) would handle only questions of law

Answer 1

1. Methods of dispute resolutio are:

Negotiation, Mediation, Arbitration, Litigation

Method	Brief Description	Advantages	Disadvantages
Negotiation	It is the discussion among the parties in conflict with an aim to find the solution and set put the differences	Quick, inexpensive, private, confidential, can result in a win win situation	Unstructured, informal and depends on voluntary participation
Mediation	Using a third party expert to give an opinion, and try to resolve the case	Private, confidential, promotes communication between parties, can make mutually acceptable decisions	The decisions are not binding, slightly unstructured, does not work entirely as per the legal system
Arbitration	The impartial person (arbitrator) is provided with the case to resolve it	Usually faster and cheaper than litigation, final decision, nonpublic	The conflicting parties do not have a greater say in the final decision
Litigation	Uses the courts and the justice system to resolve the case	final and binding decision, structured, runs as per laws	Costly, takes longer, usually destroys business relationship