Jean Paul and Michelle Go to a Third Party to Try

question 78

Multiple Choice

Jean Paul and Michelle go to a third party to try and get their conflict resolved.The conflict resolution practitioner listens to both of them,then develops a settlement which he then asks them both to sign.This process is known as

• A)mediation.
• B)arbitration.
• C)conciliation.
• D)win-win negotiation.

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Definitions:

Compounded Annually

The process of adding interest to the principal sum of a loan or deposit once per year, resulting in an increase in the amount of interest earned over time.

Discount Rate

The interest rate used to determine the present value of future cash flows.

Promissory Notes

Written promises to pay a specified sum of money to a specified person at a specified time.

Compounded Monthly

Interest calculation method where interest is added to the principal balance monthly, affecting future interest computations.