Major Reasons for Interorganizational Collaboration Include All of the Following

question 64

Multiple Choice

Major reasons for interorganizational collaboration include all of the following except:

• A) sharing risks when entering new markets.
• B) mounting expensive new programs and reducing costs.
• C) enhancing organizational profile in selected industries.
• D) interpersonal factors.

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Definitions:

Oral Agreement

A contract or agreement made through spoken communication and not formally recorded in writing.

Mutual Agency

A principle in partnership where each partner has the authority to bind the partnership in contracts and decisions related to the business's ordinary course.

Unlimited Life

Refers often to entities or corporations that have no predetermined duration for existence, allowing them to operate indefinitely.

Limited Liability

A legal structure that protects company owners' personal assets from being used to fulfill the company's debts and liabilities.