A Conflict Resolution Strategy That Involves a Neutral Third Party

question 44

Multiple Choice

A conflict resolution strategy that involves a neutral third party who helps both sides reach a mutually agreeable solution is known as:

• A) arbitration
• B) mediation
• C) compromising
• D) cooperative problem solving

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Definitions:

Indirect Costs

Expenses not directly tied to the production of goods or services but necessary for the general operation of an organization, such as administrative expenses or utilities.

Government Funds

Financial resources allocated by governmental bodies to support various programs, projects, services, or organizations.

Administrative Expenses

Costs associated with the general operation of a business or organization, excluding production or direct costs.

Nonprofit's Opportunity

The chance for nonprofit organizations to pursue their mission, often through funding, partnerships, or innovations that align with their goals.