Question: A project has a tight budget when you begin negotiating with a seller for a piece of equipment. The seller has told you the equipment

A project has a tight budget when you begin negotiating with a seller for a piece of equipment. The seller has told you the equipment price is fixed. Your manager has told you to negotiate the cost with the seller. Your assessment is that the piece of equipment has been offered at inflated pricing. What is your best course of action? A. Make a good faith effort to find a way to decrease the cost. B. Postpone negotiations until you can convince your manager to change his mind. C. Hold the negotiations, but only negotiate other aspects of the project. D. Cancel the negotiations.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Project Management For Small Projects Questions!

You are negotiating with a seller for a piece of equipment on a project with a tight budget. The seller has told you the equipment price is fixed. Your manager has told you to negotiate the cost with...

A project has a tight budget when you begin negotiating with a seller for a piece of equipment. 'The seller has told you that the equipment price is fixed. Your manager has told you to negotiate the...

18. A project has a tight budget when you begin negotiating with a seller for a piece of equipment. The seller has told you the equipment price is fixed. Your manager has tol

I need help on the Boulder Public School Case Study . There are three questions asked at the end of the case study. HBSP Product Number TCG239. Rev. Oct. 2015 THE CRIMSON PRESS CURRICULUM CENTER THE...

Preform a cost benefit analysis? please third time to post it Martha McCaskey felt both elated and uneasy after her late Friday meeting with Tom Malone and Bud Hackert, two of the top managers in...

The fields below are case sensitive. 1) Configuration management is ______________ Used to ensure that the description of the project/product is correct and complete, and for control of changes The...

please help me solve this assignment. The subject is Human Resource Management. HRM COURSE PROJECT PRINCIPLES OF HUMAN RESOURCE MANAGEMENT - Winter 2022 You have just been hired as the Human Resource...

1) As Martha McCaskey, what would you do? Describe 2 alternative courses of action you can pursue fordealing with this situation. Explain the pros and cons of each alternative. 2) Use Virtue Ethics,...

1) Use Virtue Ethics, Kantian Ethics, Utilitarian theory, Zone of Sustainable Activity and Stakeholder analysis to compare and contrast the two courses of actions outlined above and decide which...

There are three consumers of a public good. The demands of the consumers are as follows: P=60-Q1 P= 100 - Q2 P= 140 - Q3 where Q measures the number of units of the good and P is the price (i.e....

1. There is a patent developed internally, as the company started the search process from 1/1/2015 until 30/6/2015, and during that period the company spent 300,000 dinars on that process. As of...

d . Prepaid rent for office space occupied by one of the shareholders following the liquidation ( Assume the prepaid rent was deducted in the preceding year's corporate tax return. ) A . Reduces the...

a. Financial statements should aid the user of the statements in making decisions. In your opinion, would the user of the statements be aided if there were a distinction between financial reporting...