Exam: 5-Phase Partnering Process Certification
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Question 1 of 30
1. Question
Which of the following is NOT an avenue for growth covered in the PARTNERNOMICS curriculum?
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Question 2 of 30
2. Question
The Business Growth Flowchart claims after we say “yes” to growing our organization, we next need to decide if we are commiting to “incremental” or ______ level of growth.
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Question 3 of 30
3. Question
The “Research Phase” of the Business Growth Flowchart includes all EXCEPT which of the following?
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Question 4 of 30
4. Question
All “exponential growth strategies” include a(n) ____________ that may lead to a competitive advantage.
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Question 5 of 30
5. Question
Phase 1 of the 5 Phased Partnering Process is ________ ?
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Question 6 of 30
6. Question
“Create a Partnering Strategy,” is which phase of the 5 Phase Partnering Process?
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Question 7 of 30
7. Question
The Strategic Partnering Plan (SPP) ensures internal __________ of resources and intent.
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Question 8 of 30
8. Question
A Strategic Partnering Plan (SPP) is specific to a(n) __________.
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Question 9 of 30
9. Question
The middle portion of a Strategic Partnering Plan (SPP) is focused on __________.
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Question 10 of 30
10. Question
The Strategic Partnering Plan (SPP) has ______ components.
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Question 11 of 30
11. Question
What question type is designed to have your counterpart elaborate?
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Question 12 of 30
12. Question
Why should you utilize Open-ended questions with the Partner?
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Question 13 of 30
13. Question
What is the ideal time period to send out a meeting agenda prior to a meeting?
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Question 14 of 30
14. Question
As the parties learn more about each other’s interests the questions will become more _______?
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Question 15 of 30
15. Question
Which PARTNERNOMICS tool is designed to help you evaluate “must haves” and “nice to haves” when preparing to negotiate terms?
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Question 16 of 30
16. Question
What tool is recommended to be used to efficiently facilitate each “Phase 2” meeting?
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Question 17 of 30
17. Question
Why is the Partner Preparation Sheet such an important and useful tool?
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Question 18 of 30
18. Question
Your Term Sheet will eventually be used to inform your _______?
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Question 19 of 30
19. Question
Which of the following is NOT one of the “hats” that you wear as a negotiator?
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Question 20 of 30
20. Question
What is a conditional offer?
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Question 21 of 30
21. Question
When conducting a virtual/distance meeting with others, you should insist on which form of engagement?
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Question 22 of 30
22. Question
Which of the following is a type of a Non-Disclosure Agreement (NDA); also known as a 2-way NDA?
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Question 23 of 30
23. Question
Definition: The transfer of property, interest, or rights held by one party to another party.
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Question 24 of 30
24. Question
Definition: A failure to perform a promise which is anticipated, expected, or required in an agreement – without legal excuse. In tort, a failure to live up to a duty of care.
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Question 25 of 30
25. Question
Definition: Refers to a clause that outlines highly sensitive material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties.
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Question 26 of 30
26. Question
Definition: A process that allows the parties to a contract to have any disagreements or conflicts arising under the contract be addressed by invoking a predefined procedure.
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Question 27 of 30
27. Question
Definition: Is the process by which a contract or partnership is ended by the parties themselves and the responsibilities and the level of ownership of assets each party maintains after the termination.
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Question 28 of 30
28. Question
Definition: The right to perform an action or acquire a benefit and to deny all others the right to perform the same action or to acquire the same benefit.
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Question 29 of 30
29. Question
Definition: The system of law, which forms the deciding principles for the factual situation giving rise to a dispute. In contracts, the term refers to a clause also known as a “choice of law” provision in which the parties agree that a particular jurisdiction (i.e. a state or country) laws will be used to interpret their agreement.
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Question 30 of 30
30. Question
Definition: a collateral agreement in which one party assures the other party that he/she will perform the promise or fulfill the obligation of a third party, if that third party fails to do so.
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