Mastery Quiz: Identifying Potential Partnership Disputes

What is the most common reason why partnerships fail? (Select the best answer)

Partnership disputes

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Lack of funding

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A product that is not fit for the market

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Lack of awareness due to lack of marketing funds

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What are the benefits of a partnership prospective survey? (Select all that apply)

To develop a S.W.O.T. analysis for the company

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To document the strengths and weaknesses of each partner

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To describe the value each partner has brought to the company (i.e. money, ideas, time, intellectual property)

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Founders rarely discuss potential conflicts with their partners early on.

True

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False

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What is the best way to use the results of a partnership prospective survey to resolve partner disagreements or conflicts? (select all that apply)

Each partner is asked to read out aloud their individual survey response

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Use the Socratic method to probe about each partner’s position on a specific question

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If a conflict may not be resolved, table the question for a future meeting and move on to the next question

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