REport 2

One party at the negotiating table is called stakeholders or business negotiator. What is the other party?

What is the best strategy in negotiating? (check all the correct answer)

• have a structure in a business meeting

• having no structure at all so everyone can speak and share ideas

• have a clear agenda and conclusion

• build trust and rapport

Which of the following practices demonstrate transparency in business negotiations? (Select all that apply.)

• Clearly stating all terms and conditions upfront

• Hiding additional fees to secure the deal

• Disclosing potential risks and limitations of a product or service

• Openly discussing conflicts of interest that may affect the deal

In the 3 levels of communication, which level we usually misinterpret our boss, teachers, parents, etc.

• responding

• listening

• understanding

• communication

What are common causes of financial disputes? (Select all that apply.)

• Unclear payment terms in contracts

• Hidden fees and unexpected charges

• Late or missed payments

• Breach of financial agreements

Which of the following correctly matches a country's business culture practice? (choose all that matches correctly)

• Hierarchy- Thailand

• Time & Manner- Japan, the USA & Thailand

• Fast, Clear & Direct- US, Germany, Thailand

• Gift Giving- China, India and Thailand

Why is it important to align goals during the business meeting? (choose all that apply)

• Helps one party dominate

• encourage participation

• to finish the meeting on time

• to create direction

What are the comment pitfalls of negotiation?

• lack of preparation

• poor communication

• active listening

• staying calm

Non-verbal communication can contradict verbal messages, causing confusion in business.

• True

• False

Addressing conflicts immediately in team meetings prevents escalation.

• True

• False