Answer:Fraud detection through analytical method is used for detection of the fraud transactions,bribe activity etc in companies, business,etc. This techniques helps in the reduction of financial frauds in the organization, have the control over company to protect it,decrease in the fraud associated costs etc.
It has the capability of identifying the fraud which has happened or going to happen through the analytical ways and human interference. The organizations or companies require efficient processing and detection system for identification of such false happening.
Answer and Explanation:
Conflict:
It can be defined as an opposition or disagreement or interest clashes between two parties or where one party person perceives its interest being opposed by the other person or party.
Negotiation:
It is a method where people or parties usually discuss their differences in order to settle or make arrangements on the basis of mutual agreement.
Negotiation strategies:
1) Negotiating Process is not Individual based and is continuous:
To get fruitful outcome from negotiation one has to strengthen their relationships and their positions
2). Positive approach:
Believe in yourself and approach the whole process with a positive energy and for the success of the negotiation believe that you are bringing to the table those things that are required by the other party and maintain your composure, your gestures, non verbal communication in a positive manner.
3). Plan and Prepare:
Before starting any negotiation one should plan how to proceed to get the desired outcome and prepare things accordingly and also be prepared for the best and worst outcomes with awareness of the highest and lowest expectations in order to reach a suitable agreement.
4). Be persuasive and create value:
Belief strongly in your negotiations and present your ideas in a way to let others see the value of it.
Be clear and direct and discuss the ways to make it happen and discuss the related consequences.
5). Maintain balance:
Maintain a balance between both the parties in give and take situation and make sure to be equals.
To own businesses and to be responsible for employees
