Q.1. TRUE OR FALSE 5 Marks Colour the statement Green if True and Red if False: 1. In a partnership agreement, an exit clause is included only if partners fear a potential failure of the partnership. 2. Acquisition may also be called the purest form of partnership. 3. Selling ownership to employees could be an exit strategy for owners to exit the business. 4. Succession is referred to as extent of success a partnership is experiencing 5. In a merger, one of the partner companies ceases to exist after the merger is completed. 6. Termination of a contract by an "aggrieved" partner may be caused because of the other partner may be "underperforming" or over-performing. 7. The most cost-effective way of conducting conferences with international partners is to hold these conferences at prospective partner's own office. 8. A partner development-strategy is useful as it trains/mentors the staff for operations. 9. Almost all organizations in North America train their future employees/partners. 10. Some companies may also look for a potential business partner on social networking sites. Q.2. Multiple Choice Questions: 5 Marks Highlight or colour the correct answer: 1. Which of the following is an example of alliances based on investment? a. Joint Ventures and Mergers b. Research and Development Projects c. Purchasing and marketing of projects d. Distribution arrangements 2. Following are characteristics of strategic alliances but: a. Partnering companies remain independent after the alliance is implemented c