Which term describes an agreement reached by each side making concessions?

Which term describes an agreement reached by each side making concessions?

• A. Concession
• B. Accord
• C. Compromise
• D. Settlement

Answer: (C)

When two sides negotiate and each gives up something to reach a middle ground, that situation is called a compromise. It captures the idea of mutual concession: both parties trade off preferences to find a shared solution. A concession is only what one side gives up, not the final agreement itself. An accord is a formal agreement, which can happen without both sides necessarily making concessions. A settlement is the final resolution of a dispute, which may or may not involve ongoing concessions as part of reaching it.

When two sides negotiate and each gives up something to reach a middle ground, that situation is called a compromise. It captures the idea of mutual concession: both parties trade off preferences to find a shared solution.

A concession is only what one side gives up, not the final agreement itself. An accord is a formal agreement, which can happen without both sides necessarily making concessions. A settlement is the final resolution of a dispute, which may or may not involve ongoing concessions as part of reaching it.