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Explain the graphical shapes used in decision tree analysis.
Neutral Third Party
An impartial entity or individual with no stake in the outcome, involved to mediate, arbitrate, or provide an unbiased perspective in a conflict or negotiation.
Legally Binding
Describes an agreement or contract that is enforceable by law, meaning parties can be legally compelled to honor their commitments.
Integrative Bargaining
A negotiation strategy where parties collaborate to find a 'win-win' solution that satisfies the interests of both parties.
Long-Term Relationships
Bonds or associations between entities or individuals that are sustained over an extended period.
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