Part 1 Case study Please read the case that provided to you

Part 1 Case study Please read the case that provided to you on the PDF(‘Name Your Price’) After youunderstand the case material, please respond to the following questions,respectively:1. If you had to give Monroeone piece of advice as he sits down to draft his proposal to Jim, what wouldyou say?2. If you were Monroe, what offerwould you propose to Jim? Please specify the terms:(1) Base Salary(2) Performance-based bonus,(3) Stock Options(4) Other terms3. If you would want toappend a note to Jim when you send him your compensation proposal, pleaseprovide the text of your message below. It can be as long or as short as youwould like it to be.4. Why would you bother to sendJim a message along with your offer proposal?Part 2 Case study Please watch the following video clip fromTV episode ‘Taxi’ and answer the following questions:https://www.dropbox.com/scl/fi/ta7zomlz1p3gno5h6d1…(1) What is similar between thesesituations?(2) How could Louie have gotten a betterdeal?(3) What is different between the situationfaced by Louie and Monroe?(4) What happens if you treat yournegotiation with Jim Hummer the way Louie treated his negotiation in the video?This work should be done on a Word file .Please write down the questions before you answer to them

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