Which of the Following Is NOT a Risk for Firms

question 29

Multiple Choice

Which of the following is NOT a risk for firms engaged in cooperative strategies?

• A)misrepresentation of a partner's competencies
• B)partner acts opportunistically
• C)insufficient variation in firms' core competencies
• D)failure of partners to make complementary resources available to the partnership

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Definitions:

Journal

A book or digital record where all financial transactions are initially recorded in chronological order before being posted to accounts in the ledger.

Debit

A bookkeeping record that leads to either a rise in assets or a fall in liabilities in a firm's balance sheet.

Note Payable

An official pledge in writing to return a specified sum of cash, often with added interest, on a set future date.

Ledger

A book or digital record where financial transactions are entered, tracking the changes in each account associated with those transactions.