One low-cost,effective way of eliminating or reducing conflicts of interest in business relationships is to

Question

Quizplus · Accepted Answer

Carefully specifying mutual expectations in contract terms can help to eliminate or reduce conflicts of interest in business relationships. By clearly outlining the responsibilities and expectations of all parties involved, it becomes easier to identify potential conflicts of interest and take steps to address them in a timely and effective manner. This can help to prevent misunderstandings and disputes from arising, which can ultimately improve the overall functioning and profitability of the business relationship. The other options (A, C, and D) do not provide as effective solutions to managing conflicts of interest in business relationships.

One Low-Cost,effective Way of Eliminating or Reducing Conflicts of Interest