Explain What It Means to "Manage" Conflict

question 17

Essay

Explain what it means to "manage" conflict.

---

Definitions:

Credit Policy

A credit policy is the set of guidelines that a company follows to determine the creditworthiness of customers and the terms of credit to offer.

Cash Balances

The amount of cash or cash equivalents that a company or an individual holds.

Compensating Balances

Minimum balances that a business must maintain in its bank account as part of a borrowing arrangement with the bank.

Precautionary Balances

Cash balances held in reserve for random, unforeseen fluctuations in cash inflows and outflows.