Exam 2: Preparation: What to Do Before Negotiation

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A reservation point is a ________ of a negotiator's BATNA with respect to other alternatives.

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D

Any set of terms superior to the negotiator's BATNA is not desirable.

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False

Issues with single agendas are often ________ in nature.

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A

Kim is undergoing training to improve her negotiating skills and her BATNA.Kim is dynamic and hardworking; she is also prone to being unrealistically optimistic about most negotiations.What conclusion about BATNA can we draw from Kim's example?

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What does BATNA mean?

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What is the key to successful negotiation?

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Julia visits a furniture manufacturer to get a deal for furnishing her house.Julia thinks the prices quoted by him are very high and asks for a better deal.The shopkeeper is firm on the prices and refuses to give her any discount.The shopkeeper is a(n)________ negotiator.

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As a mixed-motive enterprise,negotiation is a two-pronged process that involves both ________ and ________.

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What strategy do Bazerman and Neale recommend to improve BATNA?

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The ________ negotiator wants what the other party does not want to give-and does not want what the other party is willing to offer.

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Negotiators tend to ________.

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A focal point is the pivot for successful negotiations.

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Sam and Chelsea meet to negotiate a business arrangement between their companies.Chelsea has done a lot of research beforehand and is very well prepared for the meeting when compared to Sam.Sam believes that better solutions are arrived at through intuition,spontaneity,and working hard at the negotiation table.Whom do you think will be more successful at negotiating?

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________ cost is money invested in the past which is not retrievable in the present.

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Briefly explain the overconfidence effect.

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Andrea,the CEO of a medium scale manufacturing company,is negotiating with the representatives of the employee's union.She accepts the demands of the union immediately to avoid a strike though the demands inflict a financial burden on the company.Andrea has acted as a(n)________ negotiator in this negotiation.

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Negotiations can arise from either necessity or ________.

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The fixed-pie perception is seldom erroneous.

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Analyze the following statements and choose the correct option. Statement 1: Negotiators should ensure that they do not focus on a single issue during negotiations. Statement 2: Negotiations centered on a particular problem are purely fixed-sum.

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The presence of third parties usually ________.

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