Which of the following parameters shapes our understanding of relationship negotiation strategy and tactics?
A. Negotiating within relationships takes place at a single point in time.
B. Parties never make concessions on substantive issues.
C. Negotiating within relationships may never end.
D. Negotiation in relationships is only about the issue.
Answer: C
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In the LMN partnership, Lynn's capital is $60,000, Marty's is $80,000, and Nancy's is $70,000. They share income in a 4:3:3 ratio, respectively. Nancy is retiring from the partnership. Each of the following questions is independent of the others.Refer to the above information. Nancy is paid $84,000, and no goodwill is recorded. What is Lynn's capital balance after Nancy withdraws from the partnership?
A. $53,000 B. $68,000 C. $52,000 D. $54,000