Business Law CH 4

Card Set Information

Author:
jaggedice18
ID:
159479
Filename:
Business Law CH 4
Updated:
2012-06-20 17:28:37
Tags:
MGT 2050
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Description:
CH 4
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The flashcards below were created by user jaggedice18 on FreezingBlue Flashcards. What would you like to do?


  1. Arbitration 
    Settlement of a dispute (whether of fact, law, or procedure) between parties to a contract by a neutral third party (the Arbitrator) without resorting to court action.
  2. Mediation 
    action in mediating  between parties, as to effect an agreement or reconciliation.
  3. Negotiation 
    Bargaining (give and take) process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an agreement to settle a matter of mutual concern or resolve a conflict.

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