If the Subject of the Contract Includes Issues That May

question 21

Multiple Choice

If the subject of the contract includes issues that may be controversial or "touchy," it is best to

• A)keep lawyers out of the negotiation,so relationships are not strained.
• B)deal with them up front before the relationship becomes strained.
• C)deal with them one at a time,as the problems arise.
• D)state your position up front and stand firm when the other party objects.

---

Definitions:

Rational Decisions

Decision-making process that is based on making choices that result in the most optimal level of benefit or utility.

Scarcity

Is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.

Societies

Large groups of individuals who live together in an organized community with shared laws, traditions, and values.

Goods and Services

The output of an economy or a firm that consists of tangible commodities (goods) and intangible activities (services) offered to satisfy consumer needs.