Which of the Following Best Describes a Strategic Alliance

question 56

Multiple Choice

Which of the following best describes a strategic alliance?

• A) It is a nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide.
• B) It is the transference of leadership from one generation to the next to ensure continuity of family ownership of the business.
• C) It is insurance that protects a business in the event of a natural disaster that affects the ability of a company to conduct business.
• D) It is an agreement that considers the choice between making money or controlling and running a business.
• E) It is an agreement signed between two corporations, but a separate business entity is not created.

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Definitions:

Lockout

An action taken by employers to prevent workers from entering the workplace during a labor dispute, essentially reversing a strike.

Management Rights

The legal and contractual rights that allow employers to manage, direct, and control their operations and workforce.

Withholding Labor

A tactic used by workers, such as in a strike, where they refuse to work in order to pressure employers to meet their demands.

Employer's Cost

The total expenses incurred by employers to compensate employees, including wages, benefits, taxes, and insurance.