The process through which two or more parties seek an acceptable rate of exchange for items they own or control is called __________.
A)negotiation
B)mitigation
C)compromising
D)collaboration

Question

Quizplus · Accepted Answer

Negotiation is the process of reaching a mutually agreed-upon solution between two or more parties. It involves both sides exchanging proposals and making concessions until an acceptable rate of exchange is reached. Mitigation is the process of reducing the severity or intensity of something, and compromising involves both sides giving up something to reach a middle ground, while collaboration involves both parties working together to achieve a common goal. None of these options fully capture the concept of exchanging items for an acceptable rate. Therefore, the best choice is A) negotiation.

The Process Through Which Two or More Parties Seek an Acceptable