Which of the Following Is Most Likely to Be True

question 65

Multiple Choice

Which of the following is most likely to be true about negotiators in the Far East?

• A)Negotiators avoid building informal relationships.
• B)Negotiators approach issues in a holistic manner, deciding on the whole deal at the end.
• C)Negotiators begin the discussions by pointing out proposals that they are prepared to accept.
• D)Negotiators are particular about formal contracts and insist on specific clauses.

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Definitions:

Good Faith

A principle denoting honesty and sincerity of intention without any intent to deceive or defraud.

Fiduciary Duty

This is a legal obligation of one party to act in the best interest of another when entrusted with care of money, property, or confidential information.

Madoff's Ponzi Scheme

A massive fraudulent investment operation masterminded by Bernard Madoff, where returns to investors were paid from their own money or the money of new investors, rather than from profit earned.

Proper Name

A specific reference to a unique individual, place, or thing, typically starting with a capital letter and used to give identity.