Define Negotiation

question 57

Essay

Define negotiation. Briefly explain the two major types of negotiation that managers can use within organizations to resolve conflicts.

---

Definitions:

Resided

Refers to living or being situated in a particular place.

Demonstrative Legacy

A specific bequest in a will that designates a particular source of funding.

Settlement

The process of fulfilling the terms of a contract or agreement, often involving the payment for goods or services or the clearing of a financial instrument.

Probate

A legal process that deals with the assets and debts of a deceased person, ensuring proper distribution according to the will or the law.