72 points Everything is sales, whether we are convincing our parents to take us to a movie, asking a teacher for a second chance on a quiz, or asking someone to hang out. Negotiation is one of the most important life skills that you will need in your career, job, or college life. Michael Mamas wrote an article, "5 Steps To Master the Art of Negotiation," on entrepreneur. com. His points are:

1. Establish the relationship.

2. Choose "honey over vinegar."

3. Focus on the win-win.

4. Embody your inner adult.

5. Respect the rhythm of the relationship.

Choose one of the points, and articulate what it means to you in the art of negotiation. Use imagery, detail, and even an example where the point would help. How would it help in negotiations? Demonstrate understanding of figurative nuances, any nuances in word meanings, and word relationships to negotiating.

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

Why is efficiency an important economic goal?