Which of the Following Statements Is True About Conflict Management

question 46

Multiple Choice

Which of the following statements is true about conflict management?

• A) Conflict is necessary for organizational growth and survival.
• B) Managers should not encourage conflict in organizations.
• C) Conflict management is a manager's major responsibility.
• D) Each answer is true.

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Definitions:

Profit and Loss Ratio

A financial metric that compares the profits and losses of a business in a specific time period, often used to gauge operational performance.

Liquidation

The process of winding up a company’s financial affairs by selling off assets to pay creditors and distributing any remaining assets to shareholders.

Liquidation Expenses

Liquidation Expenses are the costs associated with dissolving a company, including paying off debt, selling assets, and compensating employees and creditors.