Which of the Following Is True About BATNA

question 35

Multiple Choice

Which of the following is true about BATNA?

• A) It is the minimum that an individual will accept out of a negotiation.
• B) It is the explanation behind the position that expresses why a negotiator wants what he/she wants.
• C) It is a written agreement that ensures commitment to what was negotiated.
• D) It is the best outcome a negotiating party can get,should the negotiation neither occur nor conclude.

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Definitions:

Isoquant

A curve that represents all combinations of inputs that result in the production of a given level of output.

Output

The quantity of goods or services produced by a firm, industry, or economy in a specified period.

Production Function

An equation that quantifies the output that can be generated from different combinations of factor inputs, reflecting the efficiency and technology of the production process.

Returns To Scale

The change in output resulting from a proportional change in all input factors; identifies if output increases at a faster, equal, or slower rate than inputs.