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Negotiation

Negotiation quiz

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Question 1 of 3Easy

What do economists call the top bidder overpaying?

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30
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8
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Spaced repetition

More questions about Negotiation

These visible examples show the question style. LearnClash turns the full topic into ranked duels and spaced repetition.

  1. 1 Easy

    When do deals cluster in timed bargaining experiments?

    Answer: Just before the deadline

    Why: In a 2003 study with a one-minute limit, 87.5% of deals were struck with under 10 seconds left.

  2. 2 Medium

    Where would Schelling's students most often meet a stranger in New York?

    Answer: Grand Central

    Why: Schelling called such shared guesses focal points: choices people expect each other to make without talking.

  3. 3 Hard

    Which yardstick do Fisher and Ury replace with BATNA?

    Answer: The bottom line

    Why: Getting to Yes criticizes a fixed bottom line as too rigid to adapt to what negotiators learn during talks.

  4. 4 Easy

    Which drink company sold its bottling rights for $1 in 1899?

    Answer: Coca-Cola

    Why: The contract had no end date, which later forced Coca-Cola to sell syrup to bottlers at a fixed price.

  5. 5 Medium

    Which term names the lowest price a seller will still accept?

    Answer: Reservation price

    Why: Only when the buyer's reservation price is at or above the seller's does a zone of possible agreement, or ZOPA, exist.

  6. 6 Hard

    Which Japanese word names lining up support before a formal meeting?

    Answer: Nemawashi

    Why: The word literally means 'going around the roots', after digging around a tree before it is transplanted.

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