All of the Following Are Included in the PRAM Model

question 117

Multiple Choice

All of the following are included in the PRAM model of negotiating EXCEPT:

• A)planning.
• B)rationality.
• C)getting win-win agreements.
• D)building relations.
• E)maintenance.

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Definitions:

Balance Surplus

A situation in which income or receipts exceed expenditures or outlays, often referring to a country's trade or fiscal balance.

Balance Deficit

A situation in financial accounts, particularly in national accounts, where total outflows exceed total inflows.

Capital and Financial Account

A component of a nation's balance of payments that covers the transfer of capital and financial assets across international borders.

Balance Surplus

An economic situation where the income or supply exceeds the expenditure or demand, leading to a surplus.