Paddock Pools Constructed a Swimming Pool and Deck for the Jensens

question 96

Multiple Choice

Paddock Pools constructed a swimming pool and deck for the Jensens' home.Paddock installed the wrong trim on the pool.It would cost $2800 to change the trim - one-fifth the total cost of the pool.The Jensens refuse to pay anything for the pool.Paddock's best defense is:

• A)duress.
• B)substantial performance.
• C)mistake.
• D)failure of conditions.

Understand the concept and execution of calculated incompetence in negotiations.

Identify and describe different conflict situations and tactics used in negotiations such as concealing information and manipulative actions.

Understand the role of selective presentation in shaping the negotiation outcomes.

Recognize the effectiveness and limitations of distributive bargaining strategies in interdependent situations.

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Definitions:

Aggregate Demand

The entirety of demand for goods and services within an economy, at a chosen general price level and throughout a specified time period.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing to sell at a given price level in a given time period.

Investment

The purchase of goods that are not consumed today but are used in the future to create wealth, including assets like property, stocks, or bonds.

Aggregate Demand Curve

Curve showing planned purchase rates for all goods and services in the economy at various price levels.