What is the term for a settlement of differences between opposing sides in which each makes concessions?

What is the term for a settlement of differences between opposing sides in which each makes concessions?

• A. Agreement
• B. Negotiation
• C. Compromise
• D. Settlement

Answer: (C)

Compromise refers to a situation where two or more parties in a dispute find a middle ground by each making concessions. In this process, the opposing sides agree to give up certain demands or preferences to reach an acceptable resolution that allows both parties to move forward. This is a critical concept in conflict resolution and negotiation strategies, as it fosters collaboration and understanding between differing viewpoints. While terms like agreement and settlement may imply a resolution, they do not inherently include the aspect of concessions from both sides, which is essential to the definition of compromise. Negotiation refers to the broader process leading to an agreement, but it does not specifically emphasize the element of mutual concession that characterizes a compromise. Therefore, the specific term for resolving differences by making concessions is accurately captured by the word compromise.

Compromise refers to a situation where two or more parties in a dispute find a middle ground by each making concessions. In this process, the opposing sides agree to give up certain demands or preferences to reach an acceptable resolution that allows both parties to move forward. This is a critical concept in conflict resolution and negotiation strategies, as it fosters collaboration and understanding between differing viewpoints.

While terms like agreement and settlement may imply a resolution, they do not inherently include the aspect of concessions from both sides, which is essential to the definition of compromise. Negotiation refers to the broader process leading to an agreement, but it does not specifically emphasize the element of mutual concession that characterizes a compromise. Therefore, the specific term for resolving differences by making concessions is accurately captured by the word compromise.