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An item has a 8.2% markup based on selling price. What is the equivalent markup percent based on the cost?

Comprehend the role of emotions and power dynamics in conflict management and resolution.
Identify various conflict management styles, such as competing, avoiding, accommodating, compromising, and collaborating, and their applicability in specific situations.
Appreciate the significance of trust, superordinate goals, and cross-functional teams in preventing and resolving conflicts.
Distinguish between the outcomes of different conflict management techniques and their impact on group dynamics and organizational goals.

Definitions:

Classical Conditioning

A learning process that involves associating an initially neutral stimulus with a stimulus that elicits a reflexive response, until the neutral stimulus itself elicits that response.

Development

The process of growth, progress, or evolution, often marked by successive stages.

Learning

The acquisition of knowledge, skills, behaviors, or attitudes through experience, study, or teaching.

Conditioned Stimulus

A previously neutral stimulus that, after being repeatedly paired with an unconditioned stimulus, elicits a conditioned response.

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