Multiple choice

Which of the following is related to “settlement”?

  1. Strike

  2. Lock-out

  3. Retrenchment

  4. Conciliation
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Conciliation is a dispute resolution process involving a neutral third party who helps parties reach a mutually acceptable settlement. It differs from strikes, lock-outs, and retrenchment which are industrial action concepts rather than settlement mechanisms. Conciliation is specifically designed to facilitate settlement of disputes through negotiation and compromise.

Keep practicing — related questions