Examlex
Which of the following statements is/are TRUE?
Fixed Pie
A concept in negotiations or economics that assumes the resources or benefits to be divided are limited and constant, with any gain by one side perceived as a loss by the other.
Negotiations
The process of discussing and arriving at a mutual agreement between parties with differing interests.
Arbitration
A form of dispute resolution where an impartial third party makes a binding decision to resolve a conflict.
Arbitrator
A neutral third party who is appointed to resolve a dispute between two or more parties by making a decision after considering all the relevant facts and arguments.
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