Managed Correctly, the Proactive Phase of the Conflict Management Life

question 31

Multiple Choice

Managed correctly, the proactive phase of the conflict management life cycle can

• A) replace the proactive phase.
• B) build favorable management attitudes.
• C) become a strategy all its own.
• D) work as its own two-way communication channel.
• E) prevent a conflict from arising.

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Definitions:

Days' Sales in Receivables

A financial ratio that measures how well a company is managing its accounts receivable by calculating the average number of days it takes to collect payments from customers.

Fiscal Year

A one-year period used for financial reporting and budgeting by businesses and governments, which may not align with the calendar year.

Dishonored Note

This term refers to a promissory note that has not been paid at maturity by the maker, resulting in default.

Interest for Days

Calculated as the interest rate on a loan or investment applied over a specified number of days.