Clark and Nestor start a catering business together. They sign a legal contract that states that the business is owned by them. The agreement also states that they will have an equal share in the profits of the business and will be equally liable for any losses incurred by the business. This scenario exemplifies _____.
A. a strategic alliance
B. countertrade
C. a partnership
D. barter
Answer: C
You might also like to view...
The model that identifies leadership behavior as either "initiating structure" or "consideration" is the ______ model.
A. leader-member exchange B. path-goal leadership C. University of Michigan leadership D. University of Ohio leadership E. situational leadership
Why do firms that enter into foreign trade need to adhere to the principles of the marketing mix?
What will be an ideal response?
By the Rule of 72, what annual interest rate would be required to turn $100 into $200 in approximately six years?
A) 4% B) 8% C) 12% D) 16%
The amount of disability benefits made to an employee is based on the level of the employee's disability and the employee's regular wage or salary
Indicate whether the statement is true or false