Creating Supplies of Excess Resources in Case of Unpredictable Needs

question 16

Multiple Choice

Creating supplies of excess resources in case of unpredictable needs is called

• A) hoarding
• B) smoothing
• C) yielding
• D) flocking
• E) buffering

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Definitions:

Mediator

An impartial individual who assists in resolving disputes or conflicts between parties through communication and negotiation techniques.

Arbitrator

An autonomous individual or entity formally designated to resolve a conflict.

Consultant

A professional who provides expert advice in a particular area, such as business, education, law, or healthcare.

Third-party Negotiators

Refers to neutral individuals or entities that facilitate negotiations between two or more conflicting parties to reach an agreement.