What is the difference between formal and informal bargaining situations?
A) Informal sessions are casual whereas formal sessions never are.
B) Informal sessions are difficult whereas formal sessions are easy.
C) Informal sessions are scheduled over time whereas formal sessions are spontaneous.
D) Informal sessions are spontaneous whereas formal sessions are scheduled over time.

Question

Quizplus · Accepted Answer

The main difference between formal and informal bargaining situations is that informal sessions are spontaneous, and they can happen anytime or anywhere. On the other hand, formal sessions are scheduled over time, and they usually have a set location, agenda, and structure. In informal sessions, the atmosphere is more relaxed, and participants may be more open to new ideas and compromise. In contrast, formal sessions are more rigid, and participants are expected to follow rules and procedures. Therefore, option D is the best choice, as it accurately describes the difference between the two types of bargaining situations.

What Is the Difference Between Formal and Informal Bargaining Situations