In a Negotiation Process, Which of the Following Activities Is

question 55

Multiple Choice

In a negotiation process, which of the following activities is most likely to be included in the "closure and implementation" step?

• A) determining your best alternative to a negotiated agreement
• B) justifying your original demands
• C) formalizing the agreement that has been worked out
• D) determining time constraints, if any, applicable to negotiation
• E) exchange of the initial proposals or demands

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Definitions:

Payments

Transfers of money from one party to another to fulfill a financial obligation.

Discounted

A reduction applied to a price or rate, lowering the original amount.

Simple Interest Rate

The percentage of the principal amount that is paid as interest for a specified period.

Contract

A contract that is recognized and can be enforced by law, formed between two or more participants.