Examlex
Complete the following using the terms listed below.
-When entrepreneurs use ______, they borrow money from banks, finance companies, and credit card companies, which must be repaid.
Mediation
Process of intergroup conflict resolution where a neutral third party intervenes in the negotiation process to facilitate a settlement.
Arbitration
A method of dispute resolution where an impartial third party makes a decision to resolve a dispute.
Conciliation
A conflict resolution process where disputing parties come to a mutual agreement to reach a peaceful settlement.
GRIT
A psychological trait combining passion and perseverance towards long-term goals, emphasizing stamina in character.
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