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Complete the Following Using the Terms Listed Below

question 122

Multiple Choice

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.


Definitions:

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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