Examlex
A project manager is building a project network that involves testing a prototype. She must design the prototype (activity 1) , build the prototype (activity 2) , and test the prototype (activity 3) . Activity 1 is the predecessor for activity 2 and activity 2 is the predecessor for activity 3. If the prototype fails testing, she must redesign the prototype; therefore, activity 3 is a predecessor for activity 1. This is an example of
Partnership
A business arrangement legally recognized, where two or more partners collaborate in managing the business and splitting the profits.
Legal Structure
The framework of laws and regulations within which individuals, businesses, and organizations operate.
Trade Alliance
A partnership between two or more countries or organizations to improve trade relations and economic cooperation.
Initial Public Offering
The first sale of a company’s shares to the public, leading to a stock exchange listing.
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