In 2007, Google Bought YouTube

question 72

Multiple Choice

In 2007, Google bought YouTube. This is an example of which of the following?

• A) Partnership
• B) Strategic alliance
• C) Joint venture
• D) Acquisition
• E) Merger

---

Definitions:

Variable Costing

An accounting method that includes only variable costs—costs that change with production levels—in the calculation of cost of goods sold and excludes fixed costs.

Net Operating Income

The total earnings from a company's operations after deducting operating expenses but before interest and taxes.

Net Operating Income

The profit a company makes after deducting operating expenses from gross profit, not including income and expenses from investments and interest.

Variable Costing

An accounting method that only considers variable costs in determining the cost of products.