In a Negotiation Process, Which of the Following Activities Is

question 97

Multiple Choice

In a negotiation process, which of the following activities is 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:

Lessor

The owner of an asset in a leasing agreement. The lessor receives payments from the lessee.

Insure

The act of protecting against loss, damage, or liability through a contract with an insurance company that compensates the insured in the event of specified types of loss.

Operating Lease

A lease agreement for short-term renting of equipment or property where the lessor remains the legal owner, and the lessee only pays for use of the asset.

Cancellable

Refers to a contract or provision within a contract that gives one or more parties the right to terminate the agreement under specific conditions.