The Following Are Differences Between the Partnering Approach and the Traditional

question 52

Multiple Choice

The following are differences between the partnering approach and the traditional approach to managing contracted relationships EXCEPT

• A)Mutual trust forms in the partnering approach where suspicion and distrust are prominent in the traditional approach.
• B)Contracts establish long-term commitments in the partnering approach while single project contracting is normal in the traditional approach.
• C)Access to each other's organization resources is available in the partnering approach but limited in the traditional approach.
• D)Risk is shared jointly among partners in a partnering approach but is transferred to the other party in the traditional approach.
• E)The partnering approach entails significant time and energy while a handshake is satisfactory in the traditional approach.

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Definitions:

Range

The difference between the highest and lowest values in a set of numbers, representing the spread or dispersion.

Extreme Scores

Statistical outliers in a data set often significantly higher or lower than most of the data.

Standard Deviation

A metric indicating the extent of spread or deviation among values in a collection.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values.