Unless you accept his 'final offer' your negotiation opponent threatens to scrap the whole deal:
a. His threat is more believable if both parties would be harmed by scrapping the deal
b. His threat is more believable if he has invested resources that lower his return to other options
c. His threat is more believable if he puts his threat 'in writing'
d. His threat is more believable if he has balked at this course of action in the past
b
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Refer to the scenario above. The opportunity cost of producing good X equals:
A) loss in Good Y / loss in Good X. B) loss in Good Y / gain in Good X. C) loss in Good X / loss in Good Y. D) loss in Good X / gain in Good Y.
If human capital was included in the measurement of wealth, the measurement of wealth would be
A) more equal and more accurate. B) more equal and less accurate. C) less equal and more accurate. D) less equal and less accurate.
In 2000, total United States spending on national defense was less than five percent of GDP
a. True b. False
Which of the following usually leads to currency appreciation?
a. galloping inflation b. relatively low interest rates c. declining real GDP d. fixed exchange rates