Today Many Companies Are Not Trying to Seek an Immediate

question 137

Multiple Choice

Today many companies are not trying to seek an immediate sale, but rather to build a ________ supplier-customer relationship.

• A) transactional
• B) mutually beneficial
• C) potential
• D) short-term
• E) long-term

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Definitions:

Limited Liability Company

A corporate framework that merges the direct taxation benefit of partnerships or sole proprietorships with the corporation's advantage of limited liability.

Corporation

A legal entity that is separate from its owners, offering limited liability to its shareholders, and is able to own assets, incur liabilities, and enter into contracts.

Securities And Exchange Commission

A federal agency responsible for enforcing US federal securities laws and regulating the securities industry, stock and options exchanges.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any jurisdiction.