Exam 16: Negotiating a Job Offer

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Briefly describe a rational strategy to choose among multiple job offers.

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If you find yourself in the lucky position of having multiple offers,you are then faced with a choice.First,you should recognize this enviable position as an approach-approach conflict.How should you weigh the choices? The simplest way is to use MAUT by constructing a grid listing the choices along a row (e.g.,company A,company B)and the relevant attributes along a column underneath (e.g.,salary,fringe benefits,travel,vacation,bonus,etc.).Then,fill in the grid with the details of the offer and how they "stack up" compared to the others (on a scale of 1 to 5 or 1 to 10 in your mind).Next,you can simply add the columns to find a "winner." A more sophisticated version of this strategy is to multiply each grid value by its importance before adding columns (with importance defined on a scale of 1 to 5).For example,for most people,salary is highly important (maybe a 5),whereas moving expenses are less important (maybe a 1 or 2).This distinction gives a more fine-grained assessment.

Potential job recruits should indicate their BATNAs to employers in order to increase the effectiveness of their negotiations.

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Which of the following is a component of retirement benefits?

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If you have not yet been offered the job but sense that the employer wants to find out what you desire in a job offer,it is advisable to talk about salary or specific terms.

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________ are job offers that should be accepted by a prospective employee within a short period of time before they are withdrawn.

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It is important to stop negotiating if the other side is not responsive and reciprocal concessions grow smaller.

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Which of the following statements is true of comparables and benchmarks in job negotiation?

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An analysis of how MBA students react to job offers revealed that job candidates strongly consider how responsive companies are to their questions and whether recruiters are cordial.

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A powerful negotiating strategy is to be vague about what it will take for you to agree when negotiating with the employer.

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Which of the following is classified as an additional living expense?

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What is the advantage of a negotiator breaking down issues important to him into smaller subsets,prior to a negotiation?

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How do comparables and benchmarks influence the process of negotiating a job offer?

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Prospective job recruits should immediately agree once they have received a firm job offer and a salary figure from the employer.

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According to the text,it is important to stop negotiating when ________.

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How should candidates deal with employers who attempt to gain information on their BATNAs?

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A negotiator's negotiating power is greatest ________.

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Which of the following is classified as a necessary living expense?

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Exploding offers are those that are extended to prospective job recruits such that they can choose to accept or reject once they have exercised their BATNA.

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Which of the following is a component of paid leave?

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Which of the following is a component of compensation?

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