Define a Strategic Alliance

question 8

Multiple Choice

Define a strategic alliance.

• A) Members from many different departments coming together to jointly establish new product development goals and priorities.
• B) A relationship between an organization and it employees.
• C) A long-term partnership between two organizations designed to accomplish the strategic goals of both parties.
• D) A relationship between a business and the community in which it is headquartered.

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Definitions:

Management Process

A series of actions and procedures undertaken by managers to plan, organize, lead, and control business operations.

Controlling

The management function that involves monitoring and evaluating performance to ensure that organizational objectives are being achieved.

Operating Results

The outcome of a company's primary business activities, indicating its operating income or loss over a specific accounting period.

Accountant Salaries

The earnings paid to accountants, reflecting their roles in preparing and examining financial records, ensuring accuracy, and assessing financial operations.