Which of the following terms best describes the process that occurs when two or more parties decide how to allocate scarce resources?

Question

Quizplus · Accepted Answer

Negotiation involves two or more parties coming to an agreement on how to allocate scarce resources. Association refers to a group of individuals or organizations working together towards a common goal, and is not specific to resource allocation. Integration refers to the combining of separate parts into a unified whole, and is also not specific to resource allocation. Unionization refers to the process of workers organizing together to form a labor union, and is not a general term for resource allocation. Differentiation refers to the process of distinguishing between different things or people, and is not specific to resource allocation.

Which of the Following Terms Best Describes the Process That