When both parties to a contract have erroneous assumptions about the same fact, it is known as a mutual mistake.
What is mutual mistake?When both parties to a contract are erroneous regarding the same crucial piece of information, this is known as a mutual error. They disagree with each other. Although the parties are in agreement, they are in error. The contract is therefore voidable. Collateral errors do not grant the right to cancel. One that "does not go to the heart" of the contract is referred to as a collateral error. An error made by both parties must be material in order for it to invalidate a contract.The assumption pf risk is questioned when a significant error is made on a significant aspect of the contract or the contract's primary goal. Contractual provisions or prevailing tradition may be used to determine this risk.
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A movement along the phillips curve shows that the unemployment rate and inflation rate are.
A movement along the Philips curve shows that the unemployment rate and inflation rate are inversely related
What is the relationship between inflation and unemployment shown by the Phillips curve?According to the Phillips curve, there is an inverse link between unemployment and inflation. Lower unemployment is linked to higher inflation, and the opposite is true. In the 20th century, the Phillips curve served as a conceptual framework for macroeconomic policy, but the stagflation of the 1970s called into question its validity.
What does the Phillips curve graph show?A graphic depiction of the economic link between the rate of unemployment (or the rate of change in unemployment) and the rate of change in money earnings is the Phillips curve. Named after economist A. William Phillips, it suggests that when unemployment is low, salaries tend to increase more quickly.
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What is a type of agreement that allows a foreign firm to market and sell a u.s. company products in a foreign country?
An international licensing agreement allows foreign firms, either exclusively or non-exclusively, to manufacture a proprietor's product for a fixed term in a specific market.
What is an international trade agreement?
International trade between two or more countries is governed by trade agreements. An agreement may cover all imports and exports, a specific class of items, or only one. Approximately 320 trade agreements between the United States and several countries are currently active.
What is the purpose of international trade agreement?
The major objectives of trade agreements for the United States are to lower export barriers, safeguard American interests that compete abroad, and strengthen the rule of law in the FTA partner nation or countries. The US now has 14 Free Trade Agreements (FTAs) with 20 nations.
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What was the partnership with alliance boots designed to achieve and why would it make sense for a company like walgreens?
A partnership with Alliance Boots had several strategic advantages, allowing Walgreens to gain swift entry into foreign markets as well as complementary assets and expertise. First, it gave Walgreens access to new markets beyond the saturated United States for its retail pharmacies.
A partnership is a proper association with the aid of two or greater parties to manipulate and perform an enterprise and the percentage of its income. There are several varieties of partnership arrangements. Especially, in a partnership business, all companions proportion liabilities and profits equally, even as in others, partners may also have confined legal responsibility.
The definition of a partnership is a relationship between two or more individuals. An example of a partnership is groups operating collectively. An instance of a partnership is a marriage.
A partnership is an association wherein events, referred to as enterprise partners, agree to cooperate to increase their mutual hobbies. The companions in a partnership can be people, agencies, interest-based totally businesses, colleges, governments, or combos.
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Which organizational level allows you to maintain partner roles in the vendor master in sap mm? please choose the correct answer.
The organizational level that allows you to maintain partner roles in the vendor master in sap mm is all of the above. By extension, it means options A. company code, B. purchasing organization, C. plant, and D. Client are the organizational levels that allow one to maintain partner roles in the vendor master in sap mm. Hence, the answer is option E. all of the above. In the vendor master record, a distinction is made between data that is valid client-wide and data that is specific to company codes and purchasing organizations. In addition, you have the option of entering data at the plant and vendor subrange levels.
What is a vendor master record?The vendor master database possesses information about the vendors that supply an enterprise. This information is stored in individual vendor master records. A vendor master record entails the vendor's name and address, as well as data such as: The currency used for ordering from the vendor.
Therefore, the correct answer is as given above.
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The complete question goes thus:
Which organizational levels play a role in the maintenance of vendor master data?
Additional Details
A. Company Code
B. Purchasing organization
C. Plant
D. Client
E. all of the above
An increase in the expected inflation rate, other things remaining the same?
An increase in the expected inflation rate shifts the short-run Phillips curve upward.
Inflation is the rate of increase in prices over a period of time. Inflation is usually a broad measure, such as a general rise in prices or an increase in the cost of living in a country.
US annual inflation accelerated to 9.1% in June 2022, from 8.6% in May to his highest since November 1981, beating market expectations of 8.8%.
Although high inflation is generally viewed as detrimental, some economists believe low inflation could boost economic growth. The opposite of inflation is deflation, where prices tend to fall. The Federal Reserve is targeting 2% inflation based on the Consumer Price Index (CPI).
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Those countries which experienced modern economic growth earlier than other countries now have significantly ______.
Those countries which experienced modern economic growth earlier than other countries now have a significantly higher standard of living.
Usual methods for measuring the standard of living include per capita GDP. Developed nations typically have greater living standards. In actuality, the distinctions between more and less developed nations are frequently defined using fundamental indicators of standard of living, such as per capita GDP.
More people live in a certain area, which increases cultural diversity. With greater creative thinking and inventive ideas brought about by cultural diversity, goods and services are improved, raising everyone's standard of living in the process.
Complete Neighborhoods, embracing diversity, and providing a variety of affordable housing will encourage economic activity and, in the end, raise residents' and newcomers' standards of living by encouraging the expansion of a city in a sustainable and appealing way.
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Describe the two major obligations incurred by a company when bonds are issued.
When the raising capital for your company, issuing bonds offers two major advantages over the selling stock. There aren't any shareholders to answer to or who could affect how much of the company you own. However, you assume a new set of responsibilities when your private company issues bonds.
One or two times every year, the majority of bondholders receive their interest payments. The size of the payment they get depends on the interest rate of the bond. A privately held company frequently offers bonds issued by that company at a higher interest rate in order to the entice investors.
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The concepts and tools used to measure the performance of people and departments are known:_____.
The concepts and tools used to measure the performance of people and departments are known : Responsibility accounting.
What is Responsibility Accounting ?
Responsibility accounting is defined as a system that collects, summarizes, and compositions accounting collections concerning the obligations of individual managers.
A responsibility accounting report comprises those receipts controlled over by the responsible manager. It also includes all the budgets of responsibility accounting that made for all department and make the summary in one receipt only.
When both controllable and uncontrollable items are included in the report, accountants should distinctly divide the collections.
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Which type of jobs provides reference points to judge against other jobs within a company?
Benchmark jobs type of jobs provides reference points to judge against other jobs within a company.
A benchmark job has a set of responsibilities that are uniform across organizations and for which data from reliable and credible salary surveys is available.
To choose a benchmark job, data acquired from pertinent wage surveys are used to establish the median compensation rate for the position. The position is "slotted" into the compensation grade using the grade midpoint that is the closest to the median income reported in the surveys.
A job that is common in many different industries is referred to be a salary benchmark job. Accountant, for instance, is a benchmark position. The job title may be Bookkeeper or Financial Planner depending on the company.
However, if these positions have identical job descriptions, they would all fall under the benchmark job of Accountant.
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A firm that markets product with a heavy water content (like beverages) would likely have _____
A firm that markets products with heavy water content (like beverages) would likely have a number of warehouses located near their markets.
A building, or part of one, for the garage of products, products, and so forth, British. A massive retail keep. A constructing, or a part of one, wherein wholesalers maintain huge shares of products, which they display and promote to retailers.
Warehousing is the procedure of storing physical stock for sale or distribution. Warehouses are used by all specific varieties of businesses that need to briefly keep products in bulk earlier than both transport them to other locations or personally to end consumers.
Warehousing is the act of storing goods with the intention to be bought or disbursed later. Even as a small, home-based business might be warehousing products in a spare room, basement, or storage, large businesses generally personal or hire area in a building that is in particular designed for the garage.
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Sam’s experience is that hard work today leads to a bigger paycheck. Reinforcement theory suggests he feels encouraged to?
is this the answer given to this problem Keep an even pace at work.
Not work as hard.
Work harder.
Sam’s experience is that hard work today leads to a bigger paycheck. The reinforcement theory suggests he feels encouraged to Keep an even pace at work, not work as hard, and Work harder.
What is Reinforcement Theory?
A psychological theory called reinforcement theory contends that actions have consequences and that reinforcement, punishment, and extinction are all effective ways to alter behavior.
Modern concepts concerning reinforcement theory were greatly influenced by behavioral psychologist B.F. Skinner.
By rewarding a behavior, positive reinforcement aims to make that behavior more frequent. For instance, if a worker spots a lucrative new market opportunity, her employer can reward her with a bonus. The desired behavior will be positively reinforced by this.
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alternative sources of start-up funding available to young South African entrepreneurs
The sources of capital that are available to the young entrepreneurs in South Africa would be:
grantsIDF CapitalFinance agenciesLulalend Business Funding.What is meant by finance capital?This is the term that is used to refer to the money that a person would need in order to be able to start a business. It is the money that is needed to get things in an operational form.
The lack of capital is one of the issues that face the growth of the entrepreneurial business world in South Africa as a lot of people do not have the money with which to build on.
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Imagine the economy is at macro equilibrium. Suppose individuals become optimistic about the future, and as a result, increase consumption expenditure. The result will be?
An increase in Total Expenditure and an increase in employment will result when the economy is at macro equilibrium.
A state of the economy known as macroeconomic equilibrium occurs when aggregate supply and demand are equal in size. Price, unemployment, and inflation could all vary if there are changes in either aggregate supply or demand. Macroeconomic equilibrium can be divided into three categories based on SRAS, LRAS, and AD.
For a market to be both efficient and balanced, equilibrium is crucial. A market cannot move away from its equilibrium price and quantity since it is maintaining a balance between the quantities provided and demanded. Assume that full employment prevails in an economy because the macro equilibrium occurs at the potential GDP.
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The ____ the existing spot price relative to the strike price, the ____ valuable a call option will be:
a. higher; less
b. lower; less
c. lower; more
d. higher; more
The higher the existing spot price relative to the strike price, the less
valuable the call options will be.
A strike price is a set price at which a derivative contract can be bought or sold when it is exercised. For call options, the strike price is where the security can be bought by the option holder; for put options, the strike price is the price at which the security can be sold. The strike price is also known as the exercise price.
The strike price is the price at which a derivative contract can be bought or sold. The value of a derivative is based on its underlying asset. The strike price, also known as the exercise price, is the key determinant of option value.
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The united states economy is experiencing high inflation and real gdp is greater than potential gdp. Describe the actions taken by the fed to restore full employment.
Sale ; higher.
The result will be a decrease in the money supply and unemployment.
Money supply:
The entire amount of money in circulation in the economy at any given time is referred to as the money supply. The amount of money in circulation and demand deposits are typically considered standard measures of money. These are statistics that are typically compiled and released by the national government or central bank. In terms of consumerism, supply and demand also depend on the availability of money.
When the New York Fed sells assets on the open market to reduce the amount of money in circulation, the money supply curve shifts to the left, the interest rate rises, the demand for investments declines, and the AD curve shifts to the left. In the end, the inflation rate falls at the expense of a reduced RGDP.Real GDP exceeding potential GDP indicates that the economy is producing more than it can sustainably produce and that aggregate demand is greater than aggregate supply. Price hikes and inflation are expected to follow in this situation.Employment in full GDP is the fictitious GDP level that an economy would reach if it reported full employment, i.e., it is the level of GDP that would result in zero unemployment.In the given question, the requirement is to reduce real GDP and thus reduce unemployment.
Hence, the government will use contractionary policy to reduce unemployment.
Thus, the Fed will conduct an open market sale to hit the new higher federal funds rate target.
Sale ; higher
Reason: The result will be a decrease in the money supply and unemployment.
The currency base shrinks. Money is less plentiful, and interest rates are rising.
The supply of loanable funds decreases, and long-term interest rate rises.
decreases ; rises
Reason: Savings will decline due to a declining money supply, which will also cause a decline in the amount of cash available for loans, raising interest rates.
decreases ; decreases
Investment will decline as interest rates rise and thus [tex]$\mathrm{AD}$[/tex] will also reduce since investment is a component of [tex]$\mathrm{AD}$[/tex]
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When liz asks her father if he minds her borrowing the car, she notices he frowns and shakes his head. what is liz observing in her father?
Feedback is what Liz is expecting from her father when she notices he frowns and shakes his head.
What is feedback?This is the action that is usually given as a form of reaction to something. It is what a person expects when they ask question. Feedback is a way of people telling us what they have in their minds especially when it comes to certain situations.
When Liz asked the question, she would expect the answer from her father, The answer could have been a yes or a no or it could have come in the form of a gesture such as the frown.
This tells us that the father would not want to give the car to Liz from the way that he responded to her.
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By selecting only senior women golfers as its target and focusing all of its efforts on making products that fit these women's needs, a firm is using a(n) ___ targeting marketing strategy.
By selecting only senior women golfers as its target and focusing all of its efforts on making products that fit these women's needs, a firm is using a concentrated targeting marketing strategy.
A concentrated marketing strategy is targeted to only one specific market segment or audience on a particular period. For instance, a firm is marketing a product specifically for senior women golfers.
Companies which use concentrated marketing emphasize how their products can meet the unique needs of their audience. With concentrated marketing, it often becomes easier for companies to personalize marketing efforts.
Hence, concentrated marketing is when a firm selects only senior women golfers as its target and focuses on making products for them.
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The marginal cost column reflects:_______.
i. economies of scale.
ii. the law of diminishing returns.
iii. the law of diminishing marginal utility.
iv. diseconomies of scale
Answer:
iii. The law of diminishing marginal utility
Manufacturers can show that a device to be marketed is substantially equivalent to a marketed product that was on the market prior to 28 may 1976, by submitting a?
Manufacturers can show that a device to be marketed is substantially equivalent to a marketed product that was on the market prior to 28 may 1976, by submitting a Premarket Notification.
Device manufacturers who are required to register are required by Section 510(k) of the Food, Drug and Cosmetic Act to give FDA at least 90 days' notice of their intention to commercialize a medical device.
Premarket Notification, often known as PMN or 510, is what this is (k). This enables FDA to decide whether the device is comparable to a device that has already been classified into one of the three categories.
Thus, "new" devices that weren't classified and weren't in commercial distribution before May 28, 1976, can be appropriately identified.
Manufacturers of medical devices must file a premarket notification, specifically, if they plan to release a new device into commercial distribution or rerelease an older product with significant changes.
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If the price elasticity of demand for a product is 2. 5, then a price cut from $2. 00 to $1. 60 will:_______
Increase the quantity demanded by about 25 percent.
What is the short definition of price elasticity?Price elasticity in business and economics refers to how much people, consumers, or producers alter their demand or the quantity supplied in reaction to changes in price or income. It is mostly used to evaluate how consumer demand has changed as a result of a price change for a good or service.What are some examples of price elasticity of demand?When a price increase results in a greater percentage reduction in demand, we say a good is price elastic. For instance, if price increases 20% and demand declines 50%, the PED equals -2.5. One illustration is Heinz soup. Heinz soup options are plenty today.learn more about price elasticity of demand here
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On january 29, 2017, home depot reported a $6.45 earnings per share and was trading at approximately $138 per share. what was home depot's price earnings ratio?
Home depot's price earnings ratio is 21.4
The market price per share is subtracted from the company's earnings per share to arrive at the P/E ratio. Earnings per share (EPS), a measure of a company's financial health, is the portion of its profit assigned to each outstanding share of its common stock.
The price-earnings ratio, sometimes referred to as the P/E ratio, P/E, or PER, measures how much a company charges for its shares to how much it earns per share. The ratio is employed to evaluate businesses and determine if they are over or undervalued.
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What is the expression for the value of a levered firm in the presence of corporate taxes?
The calculation of a leveraged company's worth in the context of corporate taxes
Value of Leveraged Firm = Value of Unlevered Firm + Tax Benefit of Debt.
What is Leveraged Firm ?Leveraged firm (plural: Leveraged firms) (UK, business, finance) a business that uses loans to finance its activities.
What is corporate tax ?A corporate tax, often known as a corporation tax or company tax, is a type of direct tax levied against the profits or assets of corporations or other similar types of legal entities. Such taxes are common in many nations, and they might even be imposed at the state or local levels.
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Which techniques improve economies of scale? select all that apply. select all that apply:
techniques to improve economies of scale are -
A cost that has inputs that increase or decreases is referred to as variable cost.The variable cost includes raw materials as inputs and it Increases or decreases with the production volume.Unlike fixed cost, it does not remain fixed but rather responds to the changes in a firm's production levelEconomies of scale occurs when a firm is able to increase production by decreasing the average cost involved to produce a product.Economies of scale refer to the phenomenon in which the average cost per unit of output decreases as the size or scale of the output produced by a firm increases.
In microeconomics, economies of scale are the cost advantages that firms derive from their scale of operations, usually measured in terms of output per unit of time. Reduced cost per unit of output enables greater scale
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Describe questions that organizations must ask and steps they must take in change management processes.
Organizational change management that drives continuous change at speed and scale. Our change management services help you focus on doing the right things towards your goals. change education. embedded changes. The future of labor research. leadership training.
Change management typically has six components. leadership alignment, stakeholder engagement, communication, change impact and preparedness, training, and organizational design.
Organizational Change Management (OCM) is a framework for managing the impact of new business processes, organizational structural changes, or cultural changes within an organization. Simply put, OCM addresses the human side of change management.
Organizational transformation is a three-step process. Move - the transition from the old way of working to the new way of working. Refreeze – establish a new system in the way things are done.
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Lower-level managers are empowered to make decisions in a ______ organization, which can ________ motivation and job satisfaction.
Lower-level managers are authorized to make decisions in a decentralized organization, which can enhance motivation and job satisfaction.
Decentralized organizational structureA company with a decentralized organizational structure is one where mid- and lower-level managers make decisions, rather than the senior administration team. Sometimes the employees themselves are even concerned in the decision-making process.
It eradicates the bureaucracy that interfere rapid response to strategy implementation in large corporations. As a result, decision making authority be presented to on-site managers making them more reliable and be capable of making timely, informed intelligent decisions.
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What should you do if the severity of risk is low and the frequency of the risk event occurring is high?
If the severity of risk is low and the frequency of the risk event occurring is high thanwe should Avoid the risk.
High Frequency/ High Severity- Risks are almost certain to occur and when they occur impact will be very high. In such a case it is best to use Avoidance as a risk management technique. If avoidance is not possible then prevention and insurance techniques can be considered. High frequency/ Low severity- This more serious risk and occurrence is high but the impact is low. Examples of such risks include workers’ injuries and shoplifting. A common way to manage this type of risk is through Prevention.
Low frequency/ High severity- The impact of these kinds of risks is very high and can bankrupt a business. Insurance is the best technique to manage these risks that have low loss frequency and high loss severity. Low frequency/ Low severity- Retaining and self-insuring the risk. Risk occurrence is low and impact is also very low. In most cases, the costs of managing them outweigh the cost of retaining them.
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A qualitative forecasting method which utilizes structured questionnaires submitted to potential customers soliciting opinions about potential products to estimate likely demand is.
A qualitative forecasting method that employs structured questionnaires presented to potential customers soliciting opinions about potential products to assess likely demand is build-up forecasting.
What is Qualitative Forecasting?
Qualitative forecasting is an analysis methodology that uses expert judgment, rather than numerical analysis. This type of forecasting depends upon the knowledge of highly experienced employees and advisors to provide insights into future outcomes.
What is quantitative and qualitative forecasting?
Qualitative forecasting is founded on information that can't be measured. It's especially crucial when a company's just starting out, since there's a lack of past (historical) data. Quantitative forecasting depends on historical data that can be measured and controlled.
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A zero-day vulnerability has been found in an e-commerce website used to purchase electronics. Neither the website owner nor the general public knows about the vulnerability; it was discovered by a computer security specialist making a purchase. What should the specialist do
The thing that the specialist should do is C. Privately share their findings regarding the zero-day vulnerability with the e-commerce company.
What is E commerce?It should be noted that e-commerce (electronic commerce) simply means the buying and selling of goods and services, as well as the transmitting of funds or data, through an electronic network.
In this case, a zero-day vulnerability has been found in an e-commerce website used to purchase electronics.
Therefore, its important to privately share their findings regarding the zero-day vulnerability with the e-commerce company.
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Complete question
A zero-day vulnerability has been found in an e-commerce website used to purchase electronics. Neither the website owner nor the general public knows about the vulnerability; it was discovered by a computer security specialist making a purchase. What should the specialist do?
A. Make a report of the zero-day vulnerability and launch it to the public to make them aware
B. Be a broker and sell this zero-day vulnerability to the potential buyers so that they can decide for themselves what to do with it.
C. Privately share their findings regarding the zero-day vulnerability with the e-commerce company.
D. Ignore it; it is not the specialist's job to alert the website's owner about the vulnerability
Suppose banks decide to hold more excess reserves relative to deposits. Other things the same, this action will cause the money supply to?
Suppose banks decide to hold more excess reserves relative to deposits. Other things the same, this action will cause the: b. money supply to fall. To reduce the impact of this the Fed could buy Treasury bonds.
What is excess reserve?Excess reserve can be defined as the excess money set aside by banks or financial institutions and most of this banks tend to receives interest on the excess reserve they set aside.
Holding excess reserve relative to deposit can tend to cause money supply which is the amount of money in circulation to fall and to decrease the impact of it the Fed could buy Treasury bonds.
Therefore the correct option is B.
The missing options are:
a. money supply to fall. To reduce the impact of this the Fed could sell Treasury bonds.
b. money supply to fall. To reduce the impact of this the Fed could buy Treasury bonds.
c. money supply to rise. To reduce the impact of this the Fed could sell Treasury bonds.
d. money supply to rise. To reduce the impact of this the Fed could buy Treasury bonds.
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When having to have a difficult conversation with upper managers, you can increase success by:_____.
When having to have a difficult conversation with upper managers, you can increase success by: "Putting the problem in a familiar context".
What is difficult conversation?There may be times at work during which you and your manager need to start a difficult talk. Although your boss could be various things, it is unlikely to be a mind reader.
As a result, you should find your voice if anything at work isn't going well for you and your supervisor has the power to change it.
Some key points to be kept in mind while having difficult conversation;
Begin by outlining the circumstances to your partner. Put on your observer's hat and express your thoughts without blaming or accusing anyone. Pretend to be an unbiased news reporter and make an effort to explain both perspectives.A remark to help you both remember that you have a professional relationship with a common aim should be the first thing you say in your one-on-one conversation. This makes it possible for both sides to begin the dialogue at the same point.You should list the agreements, disputes, and action items from each meeting or lengthy debate. A follow-up conversation can be required, depending on the topic under discussion.To know more about conversation, here
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