Which Business Device Involves the Creation of a New Business

question 118

Multiple Choice

Which business device involves the creation of a new business by two or more companies,often for a limited period of time?

• A) Multinational enterprise
• B) International joint venture
• C) Horizontal merger
• D) Vertical merger

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Definitions:

Double-Entry Accounting

An accounting system that records each transaction with equal and opposite effects in at least two different accounts, ensuring accuracy.

Debits and Credits

The fundamental elements of accounting that represent the entries made in accounts to reflect increases or decreases in balances.

Memorized Transactions

Transactions that are saved in the accounting system for future use, allowing for quick recording of recurring expenses, invoices, or payments.

Saved Transactions

Transactions that have been recorded and stored in a financial system for future reference or use.