Two Key Management Functions That Need Particular Attention When Starting

question 273

Multiple Choice

Two key management functions that need particular attention when starting a business are

• A) human relations and accounting.
• B) planning and financing.
• C) marketing and public relations.
• D) staffing and controlling.

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Definitions:

Compensation Strategy

Approaches used in negotiation or conflict resolution where one party offers something of value to the other as a form of reparation or to balance out an imbalance.

Integrative Resolution

A negotiation outcome that creatively addresses the interests of all parties involved, leading to mutual gains or win-win situations.

Third-Party Intervention

Involvement by an outside party in a negotiation to assist in resolving disputes or facilitating an agreement.

Future Exchanges

A concept in negotiations and business where parties anticipate and plan for potential transactions or interactions that will happen at a later date.