Question

It has been determined that there needs to be a structure for setting up good partnerships. Which of the following
methods would you advise using? Check all that apply.
Set up some partnerships quickly and informally and determine others that need a more formal and solid structure and do both.
Set it up quickly and informally because of urgency.
Collaborate on the features of a solid structure and set organizational steps.
Set it up slowly, taking time to construct and approve rules.

Answer 1

Answer: Collaborate on the features of a solid structure and set organizational steps.

Set it up slowly, taking time to construct and approve rules.

Explanation:

A partnership refers to a formal arrangement whereby two or more parties come together to manage and operate a certain business and share the profits made.

To set up a partnership, it should be set slowly by taking time to construct and approve necessary rules. It is not advisable to rush. Also, it's vital to collaborate on the features of a solid structure and set organizational steps.