In an effort to reduce the costs of resolving disputes and produce durable resolutions,some organizations use a procedure in which senior executives consider the elements of a dispute.This procedure is known as the:
A)wise counselor strategy
B)multistep negotiation procedure strategy
C)mediation-tribulation strategy
D)loop-back strategy

Question

Quizplus · Accepted Answer

The wise counselor strategy involves senior executives who act as neutral third parties and consider the elements of a dispute. They offer their insights and recommendations to the parties involved, with the aim of reducing costs and producing durable resolutions. This approach can be effective in resolving disputes, particularly in cases where there is a high degree of trust in the senior executives involved. Therefore, option A is the best choice among the given options.

In an Effort to Reduce the Costs of Resolving Disputes