A Noted Professional Art Academy Has Founded an "Artists and Friends

question 160

Multiple Choice

A noted professional art academy has founded an "artists and friends" travel company specializing in tours for artists to scenic locales, using its faculty as traveling teachers. In addition, the art academy has purchased a framing company to both make frames for academy art works, but also to sell museum-quality framing services to the public. The art academy is engaging in diversification based on ____ relatedness.

• A) operational
• B) corporate
• C) intellectual
• D) constrained

Provide constructive feedback in professional contexts.

Understand the principles of effective microblogging in a professional setting.

Identify inappropriate content for professional communication.

Understand the purpose and function of different types of professional letters (claim letters, inquiry letters).

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Definitions:

Vendor Transactions

Financial exchanges or dealings that occur between a business and its suppliers or service providers.

Expense

Money spent or cost incurred in an organization's efforts to generate revenue, representing the cost of doing business.

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.

Accounts Payable

The amount of money owed by a company to its creditors for goods and services received but not yet paid for.