Assume That You Are Called to Mediate a Conflict Between

question 54

Essay

Assume that you are called to mediate a conflict between the players and the management of Major League Baseball. The players wanted different salary caps and were turned down. Now they are about to go out on strike and neither side is talking to the other. What might you do to try to resolve this conflict so that baseball will not reach the same fate it did on September 15, 1995 when the 1994 major-league season and the World Series were called off for the first time in 89 years?

---

Definitions:

Debit Side

Refers to the left side of a general ledger account which is used to record increases in asset and expense accounts and decreases in liability, equity, and revenue accounts.

Credit Side

The right side of an accounting ledger where increases in liabilities, equity, and revenue, or the decrease in assets, are recorded.

T Account

A visual representation of a ledger account that displays both the debit and credit sides to track the balance of financial transactions.

Chronological Order

Organizing events or actions by the order in which they occurred in time.