Examlex
The accounting cycle for most governments is two to three years, consistent with the terms of elected officials.
Reciprocating Concessions
A negotiation technique where each party makes concessions to the other, with the expectation of receiving similar concessions in return.
Negotiations
A process in which two or more parties discuss problems or disputes to reach a mutually acceptable agreement.
Concessions
Compromises or allowances made by one party in negotiations, often involving the relinquishment of certain demands or positions.
Offers
Proposals or suggestions put forward for consideration or acceptance by others.
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