Practice More Questions From: Mastery Quiz 5
Q:
The questions on this quiz are meant to test whether you have watched all the material and understand the concepts presented in Module 5. If you are reading this, I hope that means you’ve had a chance to look over the questions in advance (provided in the Preview of Mastery Quiz 5) and so you know what to expect. The questions on this quiz are meant to test whether you have watched all the material and understand the concepts presented in Module 5. If you are reading this, I hope that means you’ve had a chance to look over the questions in advance (provided in the Preview of Mastery Quiz 5) and so you know what to expect.
Q:
In a negotiation, players will never get less than their added value.
Q:
Consider the card game with 26 red cards and 26 black cards. The 26 black cards are all held by Adam, while the red cards are spread out across 26 different individuals. A red card and a black card together are worth $100. The players aren’t allowed to change the game, that is, the individuals with red cards cannot get together and form coalitions, and Adam cannot eliminate any of his black cards. Based on the theory of Added Value, we expect that:
Q:
What was Holland Sweetener’s mistake?
Q:
Anjay is selling his coffee company, and there are two potential buyers, Bert and Cecilia. Bert values the business at $40,000, while Cecilia values it at $50,000. Anjay is willing to sell for any amount over $20,000. All of these facts are known to all of the parties. If Bert has not taken this course, how much do you expect Bert will make?
Q:
In the Photo Op case, which of these is William Willcox’s best course of action?
Q:
Is it better to give or to receive? In the above scenario, would Anita prefer to:
Q:
Ai Ping is looking to buy Bao Wun’s antique cabinet. Bao Wun isn’t sure of the value. He has been asking for $10,000, but so far the most Ai has offered is $2,000. It looks like a deal isn’t possible, so the two sides are ready to walk away. Before giving up completely, Ai suggests they try a settlement escrow and Bao agrees. Confidentially, Ai is willing to pay up to $8,000, and Bao is willing to sell for as little as $6,000. If they employ a settlement escrow, what do you expect will happen?
Q:
When comparing mediation to arbitration, which one is more forward-looking?
Q:
You get into a taxi and discover that the meter is “broken.” It is late at night and taxis are hard to find. Which of these should you do?
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