A Company Offering Local Telecommunications Service Combines Resources with an International

question 43

Multiple Choice

A company offering local telecommunications service combines resources with an international company that manufactures digital switching equipment to research a new type of telecommunications technology. This is an example of

• A) joint diversification.
• B) strategic alliance.
• C) divestment.
• D) global integration.

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Definitions:

Short-term Securities

Financial instruments, such as bonds or Treasury bills, that mature or are redeemable within a short period, typically less than one year.

Long-term Securities

Financial instruments that have a maturity period exceeding one year and include bonds, debentures, and other investment vehicles.

Credit Union

A member-owned financial cooperative that provides traditional banking services.

Reserve Requirement

A regulation set by central banks that determines the minimum amount of reserves a bank must hold against deposits, influencing the bank's capacity to lend.