If Parties in a Conflict Work on Creating New Options

question 54

Multiple Choice

If parties in a conflict work on creating new options for joint gain, they

• A)are still limited by the "fixed pie" of resources that they need to divide.
• B)need to compete for the majority share of the available resources.
• C)may come up with alternatives that could expand the resource pie.
• D)need to focus on their demands instead of their interests.
• E)are adopting a principle of distributive negotiation.

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Definitions:

Interest

The cost of borrowing money, expressed as a percentage, paid by the borrower to the lender for the use of the lender's money.

Present Value

Today's value of a future monetary amount or cash flow series, calculated with a designated rate of return.

Interest Rate

The cost of borrowing money or the return on investment for savings, usually expressed as a percentage.

Utility Function

A mathematical representation of how different quantities of goods or services increase a consumer's satisfaction or happiness.