Managing a Conflict by Confronting the Problem and Solving It

question 21

Multiple Choice

Managing a conflict by confronting the problem and solving it is known as:

• A) compromise.
• B) forcing.
• C) conflict resolution.
• D) consolidation.

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Definitions:

Financial Flexibility

The ability of an entity to adapt to unforeseen expenses or investment opportunities without significant stress.

Resources

Assets, both tangible and intangible, that are owned or controlled by a business and can produce value.

Adapt

The act of making adjustments or changes in order to better suit a new environment, situation, or set of conditions.

Liquidity

The ease with which an asset or security can be converted into ready cash without affecting its market price.