A Conflict Resolution Strategy in Which a Neutral Third Party

question 45

Multiple Choice

A conflict resolution strategy in which a neutral third party listens to all parties involved in a conflictand then makes a decision is called:

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

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Definitions:

Cash Cycle

The cash cycle is the period between the purchase of inventory and the collection of receivables from the sale of that inventory.

Receivables Period

The usual period a business needs to obtain payments from customers for goods or services sold on a credit basis.

Inventory Period

The time it takes for a company to turn its inventory into sales, often measured in days or weeks.

Cash Cycle

The period between the acquisition of inventory by a business and the collection of accounts receivable generated by the sale of that inventory.