A <em>compromise</em> is when two (or more) people make an agreement or solve an argument by both of them giving something up. They don't get 100% of what they want, but it means both people are 50% happy. This is often better than a win-lose situation.
For example- say a brother and sister both really want the last cookie, so instead of fighting over it, they agree to split the cookie in half. They each sort-of get what they wanted.
<span>I think level of formality </span>
Answer:
What do you call a shoe make out of a banana?A slipper
The correct answer is long-term
Short term would be something like passing the exam with a high mark, while management would be on devising a plan on how to manage your time. An impossible would be if you planned to do it without even being enrolled in the school.