Question

Payoffs result from various aspects of the negotiated agreement. For example, certain terms may yield a specific amount of profit, or there may be a bonus for attaining a specified agreement, or the time spent in bargaining may involve certain costs. This is referring to __________.

A. Social relationships
B. Compensation systems
C. Bargaining systems
D. Bargaining strategies
E. Payoff system

Answer 1

Answer: (E) Payoff system

Explanation: With in-depth study into the meaning and scope of payoff system it has been noted that payoffs are gotten from various aspect of the negotiated agreement. From the Merriam-Webster dictionary pay off is seen as the act or occasion of receiving money or material gain especially as compensation